Companies Act, 1973 (Act No. 61 of 1973)

Chapter IV: Formation, Objects, Capacity, Powers, Names, Registration and Incorporation of Companies

Alteration of Memorandum

55. Alteration of memorandum to objects and powers
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1)Subject to the provisions of section 53(a), a company may by special resolution make additions to or alter the provisions of its memorandum with respect to the objects and powers of the company.

 

2)An existing company may by special resolution alter its memorandum with respect to the objects and powers of the company so as to bring it into conformity with the provisions of this Act.