2128
Power to substitute memorandum and articles for deed of settlement. 8 Edw. 7, c. 69, s. 264.
*
No. 58 of 1911.
COMPANIES.
shall apply notwithstanding any provisions contained in any Act of Parliament, Ordinance, Royal charter, deed of settlement, contract of co-partnery, cost-book regulations, letters patent, or other instrument constituting or regulating the company;
(iv) Nothing in this section shall authorise the company to alter any such provisions contained in any deed of settlement, contract of co-partnery, cost-book regulations, letters patent, or other instrument constituting or regulating the company, as would, if the company had originally been formed under this Ordinance, have been required to be contained in the memorandum and are not authorised to be altered by this Ordinance;
(v) Nothing in this Ordinance shall derogate from any power of altering its constitution or regulations which may, by virtue of any Act of Parliament, Ordinance, deed of settlement, contract of co-partnery, cost-book regulations, letters patent, or other instrument constituting or regulating the company, be vested in the company.
242. (1) Subject to the provisions of this section, a company registered in pursuance of this Part may by special resolution alter the form of its constitution by substituting a memorandum and articles for a deed of settlement.
(2) The provisions of this Ordinance with respect to confirmation by the court and registration of an alteration of the objects of a company shall, so far as applicable, apply to an alteration under this section with the following modifications:
(a) there shall be substituted for the printed copy of the altered memorandum required to be delivered to the Registrar of Companies a printed copy of the substituted memorandum and articles; and
(b) on the registration of the alteration being certified by the Registrar of Companies, the substituted memorandum and articles shall apply to the company in the same manner as if it were a company registered under this Ordinance with that memorandum and those articles, and the company's deed of settlement shall cease to apply to the company.
As amended by Law Rev. Ord., 1924.
2128
Power to substitute memorandum and articles
for deed of settlement. 8 Edw. 7, c. 69, s. 264.
*
No. 58 of 1911.
COMPANIES.
shall apply notwithstanding any provisions contained in any Act of Parliament, Ordinance, Royal charter, deed of settle- ment, contract of co-partnery, cost-book regulations, letters patent, or other instrument constituting or regulating the company;
(iv) Nothing in this section shall authorise the company to alter any such provisions contained in any deed of settle- ment, contract of co-partnery, cost-book regulations, letters patent, or other instrument constituting or regulating the company, as would, if the company had originally been formed under this Ordinance have been required to be contained in the memorandum and are not authorised to be altered by this Ordinance ;
(v) Nothing in this Ordinance shall derogate from any power of altering its constitution or regulations which may by virtue of any Act of Parliament, Ordinance, deed of settlement, contract of co-partnery, cost-book regulations, letters patent, or other instrument constituting or regulating the company, be vested in the company.
242. (1) Subject to the provisious of this section, a company registered in pursuance of this Part may by special resolution alter the form of its constitution by substituting a memorandum and articles for a deed of settlement.
(2) The provisions of this Ordinance with respect to confirmation by the court and registration of an alteration of the objects of a company shall so far as applicable apply to an alteration under this section with the following modifica- tions:
(a) there shall be substituted for the printed copy of the altered memorandum required to be delivered to the Registrar of Companies a printed copy of the substituted memorandum and articles; and
(b) on the registration of the alteration being certified by the Registrar of Companies, the substituted memorandum and articles shall apply to the company in the same manner as if it were a company registered under this Ordinance with that memorandum and those articles, and the company's deed of settlement shall cease to apply to the company.
As amended by Law Rey, Ord., 1924.
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