COMPANIES ACT 1963 – SECT 28 Power to alter provisions in memorandum which could have been contained in articles.
28.—(1) Subject to subsection (2) and sections 27 and 205, any provision contained in a company’s memorandum which could lawfully have been contained in articles of association instead of in the memorandum may, subject to the provisions of this section, be altered by the company by special resolution.
(2) If an application is made to the court for the alteration to be cancelled, it shall not have effect except in so far as it is confirmed by the court.
(3) This section shall not apply where the memorandum itself provides for or prohibits the alteration of all or any of the said provisions, and shall not authorise any variation or abrogation of the special rights of any class of members.
(4) Subsections (3), (4), (5), (6), (9) and (10) of section 10 (except paragraph (b) of the said subsection (3)) shall apply in relation to any alteration and to any application made under this section as they apply in relation to alterations and to applications made under that section.
(5) This section shall apply to a company’s memorandum whether registered before, on or after the operative date.