As per Section 16 of the Companies Act 1956 Alteration of Memorandum of Association should be as below:
(1) The Alteration of Memorandum of association will not be applicable for changing of conditions contained by the company except in the cases, in the mode, and to theÂ extent, for which express provision is made in this Act.
(2) Â Provisions which are required only by section 13 or by any other specific provision contained in this Act, toÂ be stated in the memorandum of the company concerned shall be deemed to beÂ conditionsÂ contained in itsÂ memorandum.
(3) Other provisions that are contained in the memorandum, including those relating to theÂ appointmentÂ of a managing directorÂ or manager, may be altered in the same manner as the articles of the company, but on the occasion of any expressÂ provision in this Act permitting alteration of such provisions in any other manner, alteration of Memorandum of Association can also be done inÂ such other manner.
(4) AllÂ referencesÂ to the articles of a company in this Act shall be construed as, includingÂ referencesÂ to the otherÂ provisions aforesaid contained in its memorandum.