(1)On the appointed day the regulations shall be as set forth in the Schedule to this Act.
(2)The Company may at any time by special resolution repeal or alter the regulations or add to or modify the same, and any alteration, addition or modification so made shall be as valid as if originally contained in the regulations and be subject in like manner to alteration by special resolution from time to time.
(3)The regulations shall define the objects and powers of the Company and the manner in which they may be altered, extended or modified.