Section 31 Statement of company's objects

United Kingdom

(1)

Unless a company's articles specifically restrict the objects of the company, its objects are unrestricted.

(2)

Where a company amends its articles so as to add, remove or alter a statement of the company's objects—

(a)

it must give notice to the registrar,

(b)

on receipt of the notice, the registrar shall register it, and

(c)

the amendment is not effective until entry of that notice on the register.

(3)

Any such amendment does not affect any rights or obligations of the company or render defective any legal proceedings by or against it.

(4)

In the case of a company that is a charity, the provisions of this section have effect subject to—

(a)

in England and Wales, F1sections 197 and 198 of the Charities Act 2011;

(b)

in Northern Ireland, F2section 96 of the Charities Act (Northern Ireland) 2008 .

(5)

In the case of a company that is entered in the Scottish Charity Register, the provisions of this section have effect subject to the provisions of the Charities and Trustee Investment (Scotland) Act 2005 (asp 10).

Annotations

Textual amendments

F1: Words in s. 31(4)(a) substituted (14.3.2012) by Charities Act 2011 (c. 25), ss. 354, 355, Sch. 7 para. 114 (with s. 20(2), Sch. 8)
F2: Words in s. 31(4)(b) substituted (N.I.) (24.6.2013) by Charities Act (Northern Ireland) 2008 (c. 12) (N.I.), ss. 183, 185, {Sch. 8 para. 13(2)}; S.R. 2013/145, art. 2, Sch.

Notes on Part 3

Modifications

C1: Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))
C2: Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2