Part IE+W+S Formation and Registration of Companies; Juridical Status and Membership

Chapter IE+W+S Company Formation

Memorandum of associationE+W+S

[X14 Resolution to alter objects.E+W+S

A company may by special resolution alter its memorandum with respect to the objects of the company, so far as may be required to enable it—

(a)to carry on its business more economically or more efficiently; or

(b)to attain its main purpose by new or improved means; or

(c)to enlarge or change the local area of its operations; or

(d)to carry on some business which under existing circumstances may conveniently or advantageously be combined with the business of the company; or

(e)to restrict or abandon any of the objects specified in the memorandum; or

(f)to sell or dispose of the whole or any part of the undertaking of the company; or

(g)to amalgamate with any other company or body of persons;

but if an application is made under the following section, the alteration does not have effect except in so far as it is confirmed by the court.]

Editorial Information

X1S. 4(1)(2) substituted (4.2.1991) for s. 4(a)-(g) by Companies Act 1989 (c. 40, SIF 27), ss. 110(2), 213(2)