In Chapter I of Part I of the M1Companies Act 1985 (company formation), after section 3 (forms of memorandum) insert—
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—
(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.”.
Commencement Information
I1Ss. 108-112 and Schedule 19 para 11 were not in force at the 1.2.1991 (base date) but were brought into force on 4.2.1991 by S.I. 1990/2569.
Marginal Citations