Paragraph 223

(1)

Section 32 of that Act (memorandum and articles of community interest companies) is amended as follows.

(2)

In the section heading, for “Memorandum and articles” substitute “ Articles of association ”.

(3)

In subsection (1), for “memorandum” substitute “ articles ”.

(4)

Omit subsection (2).

(5)

In subsection (3), for “memorandum and articles” in both places where it occurs substitute “ articles ”.

(6)

In subsection (4), for “memorandum or articles” substitute “ articles ”.

(7)

In subsection (5)—

(a)

in the opening words, for “memorandum and articles” substitute “ articles ”;

(b)

in paragraph (a), for “memorandum or articles” substitute “ articles ”.

(8)

In subsection (6), for “under section 4 of the 1985 Act or Article 15 of the 1986 Order to alter its memorandum with respect to the statement of its objects” substitute “ to amend its articles so as to add, remove or alter a statement of the company's objects ”.