223.—(1) Section 32 of that Act (memorandum and articles of community interest companies) is amended as follows.U.K.
(2) In the section heading, for “Memorandum and articles” substitute “ Articles of association ”.
(3) In subsection (1), for “memorandum” substitute “ articles ”.
(4) Omit subsection (2).
(5) In subsection (3), for “memorandum and articles” in both places where it occurs substitute “ articles ”.
(6) In subsection (4), for “memorandum or articles” substitute “ articles ”.
(7) In subsection (5)—
(a)in the opening words, for “memorandum and articles” substitute “ articles ”;
(b)in paragraph (a), for “memorandum or articles” substitute “ articles ”.
(8) In subsection (6), for “under section 4 of the 1985 Act or Article 15 of the 1986 Order to alter its memorandum with respect to the statement of its objects” substitute “ to amend its articles so as to add, remove or alter a statement of the company's objects ”.