Part V Other amendments of Company Law
A company’s capacity and related matters
I1110 Statement of company’s objects.
In Chapter I of Part I of the M1Companies Act 1985 (company formation), after section 3 (forms of memorandum) insert—
3A Statement of company’s objects: general commercial company.
Where the company’s memorandum states that the object of the company is to carry on business as a general commercial company—
a
the object of the company is to carry on any trade or business whatsoever, and
b
the company has power to do all such things as are incidental or conducive to the carrying on of any trade or business by it.
2
In the same Chapter, for section 4 (resolution to alter objects) substitute—
4 Resolution to alter objects.
1
A company may by special resolution alter its memorandum with respect to the statement of the company’s objects.
2
If an application is made under the following section, an alteration does not have effect except in so far as it is confirmed by the court.