Regulation 20 Restrictions on power to alter company's constitution
(1)
Subject to the provisions of this Part, the company does not have power—
(a)
to alter any provision contained in an enactment relating to the company,
(b)
without the consent of the Secretary of State, to alter any provision contained in letters patent relating to the company.
(2)
The company does not have power to alter any provision contained in a royal charter or letters patent with respect to the company's objects.
(3)
Where by virtue of paragraph (1) or (2) a company does not have power to alter a provision, it does not have power to ratify acts of the directors in contravention of the provision.