§
Amendments made: No. 8, in page 5, line 24, leave out
'not less than two directors'
and insert 'a director or secretary'.
§ No. 9, in page 6, line 25, leave out 'issued' and insert 'allotted'.—[Mr. Parkinson.]
§ Mr. ParkinsonI beg to move amendment No. 10, in page 6, line 30, leave out first 'the' and insert 'any'.
This amendment changes a reference to
the alterations in the memorandum and articlestoany alterations in the memorandum and articles".As such, it is hardly an earth-shattering event. This is necessary because, again as the Law Society pointed out, there may well be no alterations in the articles. In particular, by virtue of clause 8(7), this subsection applies to an old public company going public. The directors' resolution in such a case cannot, in fact, alter the articles. It is, therefore, more appropriate in clause 5(8) to refer to "any alterations".
§ Amendment agreed to.