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Page 17

CHAPTER 2
THE MEMORANDUM OF ASSOCIATION

Alterations of Objects.-The objects of a company can be altered by a special resolution, but only to a limited extent and in the cases set out in s. 5 of the Act. The alteration can only be effected to enable the company:
1. To carry on its business more economically or efficiently.
In re Marshall, Sons & Co., Ltd., [1919] W. N. 207. The objects clause in the memorandum of a company was in the short form set out in Schedule B, and an alteration was desired to include general powers likely to be useful to the company in its business. Held, the alteration could be made.
Under this head a company formed to invest in certain securities was held entitled to alter its memorandum so as to acquire power to create a security in favour of debenture stock holders. z 5
2. To attain its main purpose by new or improved means. The word " purpose " is more restricted than objects, and consequently the alteration must be one to carry out the main purpose of the company rather than one of the objects of the company, although that object may be described in the memorandum as a main object.26
3. To enlarge or change the local area of its operations.
An alteration of this nature may necessitate an alteration in the name of the company.

Egyptian Delta Land and Investment Co., [1907] NA. N. 16. A company formed to acquire land in -Egypt desired power to acquire land in the Sudan. Held, the additional power was granted on condition that the company inserted the words " and Sudan " after the word " Delta " in its name.

4. To carry on some business which under existing circumstances may conveniently or advantageously be combined with the business of the company.
The additional business to be carried on may be wholly different from the existing business of the company, and yet be capable of being conveniently or advantageously combined with it. Whether one business can be conveniently combined with another is essentially a business question to be determined by the persons engaged in the business of the company, namely, the directors and the shareholders.

25 In re Governments Stock Investment Co. (No. 2), [1892] 1 Ch. 597.
26 In re Governments Stock Investment Co., [1891] 1 Ch. 649.

travel books:
where is HTML where is HEAD where is TITLE Alterations of Objects.-The objects of a company can be altered by a special resolution, but only to a limited extent and in what is cases set out in s. 5 of what is Act. what is alteration can only be effected to enable what is company: 1. To carry on its business more economically or efficiently. In re Marshall, Sons & Co., Ltd., [1919] W. N. 207. what is objects clause in what is memorandum of a company was in what is short form set out in Schedule B, and an alteration was desired to include general powers likely to be useful to what is company in its business. Held, what is alteration could be made. Under this head a company formed to invest in certain securities was held entitled to alter its memorandum so as to acquire power to create a security in favour of debenture stock holders. z 5 2. To attain its main purpose by new or improved means. what is word " purpose " is more restricted than objects, and consequently what is alteration must be one to carry out what is main purpose of what is company rather than one of what is objects of what is company, although that object may be described in what is memorandum as a main object.26 3. To enlarge or change what is local area of its operations. An alteration of this nature may necessitate an alteration in what is name of what is company. Egyptian Delta Land and Investment Co., [1907] NA. N. 16. A company formed to acquire land in -Egypt desired power to acquire land in what is Sudan. Held, what is additional power was granted on condition that what is company inserted what is words " and Sudan " after what is word " Delta " in its name. 4. To carry on some business which under existing circumstances may conveniently or advantageously be combined with what is business of what is company. what is additional business to be carried on may be wholly different from what is existing business of what is company, and yet be capable of being conveniently or advantageously combined with it. Whether one business can be conveniently combined with another is essentially a business question to be determined by what is persons engaged in what is business of what is company, namely, what is directors and what is shareholders. 25 In re Governments Stock Investment Co. (No. 2), [1892] 1 Ch. 597. 26 In re Governments Stock Investment Co., [1891] 1 Ch. 649. where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 17 where is strong CHAPTER 2 what is MEMORANDUM OF ASSOCIATION where is p align="justify" Alterations of Objects.-The objects of a company can be altered by a special resolution, but only to a limited extent and in what is cases set out in s. 5 of what is Act. what is alteration can only be effected to enable what is company: 1. To carry on its business more economically or efficiently. In re Marshall, Sons & Co., Ltd., [1919] W. N. 207. what is objects clause in what is memorandum of a company was in what is short form set out in Schedule B, and an alteration was desired to include general powers likely to be useful to what is company in its business. Held, what is alteration could be made. Under this head a company formed to invest in certain securities was held entitled to alter its memorandum so as to acquire power to create a security in favour of debenture stock holders. z 5 2. To attain its main purpose by new or improved means. what is word " purpose " is more restricted than objects, and consequently what is alteration must be one to carry out what is main purpose of what is company rather than one of what is objects of what is company, although that object may be described in what is memorandum as a main object.26 3. To enlarge or change what is local area of its operations. An alteration of this nature may necessitate an alteration in what is name of what is company. Egyptian Delta Land and Investment Co., [1907] NA. N. 16. A company formed to acquire land in -Egypt desired power to acquire land in what is Sudan. Held, what is additional power was granted on condition that what is company inserted what is words " and Sudan " after what is word " Delta " in its name. 4. To carry on some business which under existing circumstances may conveniently or advantageously be combined with what is business of what is company. what is additional business to be carried on may be wholly different from what is existing business of what is company, and yet be capable of being conveniently or advantageously combined with it. Whether one business can be conveniently combined with another is essentially a business question to be determined by what is persons engaged in what is business of what is company, namely, what is directors and what is shareholders. 25 In re Governments Stock Investment Co. (No. 2), [1892] 1 Ch. 597. 26 In re Governments Stock Investment Co., [1891] 1 Ch. 649. where is Server.Execute("_SiteMap.asp") %

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