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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 345

Effect of registration under Part VIII.

345.(1) Subject to sub-sections (2) and (3), 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 section five with respect to applications to the court
for cancellation of alterations of the objects of a company and matters
consequential on the passing of resolutions for such alterations 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 delivery to the registrar of a printed copy of the substituted
memorandum and articles or the date when the alteration is no longer liable to
be cancelled by order of the court, whichever last occurs, the substituted
memorandum and articles shall apply to the company in the same manner as if it
were a company registered under this Act with that memorandum and those
articles, and the company's deed of settlement shall cease to apply to
the company.

(3) An alteration under this section may be made either with or without any
alteration of the objects of the company under this Act.

(4) In this section "deed of settlement" includes any contract of copartnery
or other instrument constituting or regulating the company, not being an Act
of Parliament, a royal charter or letters patent.

© 1960 Crown Copyright

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