If a private company alter its AOA in such a manner that it does not include the restrictions as lai...........

Companies Act-Phase (I & II) Introduction to Company Act

If a private company alter its AOA in such a manner that it does not include the restrictions as laid in Section 2(68) of Companies Act, 2013:

It shall cease to be private company from the date of such alteration

It continues to be a private company

It will be subject to penalties as specified under the Act

It will be a compulsory ground for winding up of the company

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Explanation:

If a private company alter its AOA in such a manner that it does not include the restrictions as laid in Section 2(68) of Companies Act, 2013, like limit on number of members to 200, restrict the transferability of shares, prohibition to issue prospectus etc., it shall cease to be private company from the date of such alteration.