Clause 200 — Companies: change of articles

Orders of the Day – in the House of Commons at 8:45 pm on 31st March 2008.

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Amendments made: No. 120, in page 79, line 3, leave out subsections (2) and (3) and insert—

'(2) An amendment of the company's articles of association requires consent if it—

(a) alters the company's objects,

(b) makes provision about the distribution of assets to members, or

(c) enables the company to become, or cease to be, a subsidiary or associate of another body.

(3) An amendment of the articles of association which requires consent is effective only if the regulator has first consented.

(3A) The company must notify the regulator of an amendment of the articles of association which does not require consent.'.

No. 121, line 9, at end insert—

'(4A) The company must notify the regulator—

(a) of an amendment of the articles of association which does not require consent, or

(b) of a change to its name or registered office.'.

No. 122, line 10, at beginning insert

'In relation to an amendment which requires consent'.

No. 123, line 12, at end insert—

'(6) The Secretary of State may by order amend the list in subsection (2).'. — [Liz Blackman.]

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