Clause 14

The Companies Act is amended by inserting, immediately after section 28, the following section:“Alteration of memorandum by company to which section 14 of Residential Property Act, 1976, applies28A. Notwithstanding anything in the memorandum of a company, a company to which section 14 of the Residential Property Act, 1976 (Act 18 of 1976), applies may, by virtue of the operation of subsection (3) of that section, amend its memorandum by special resolution to remove any of the provisions referred to in subsection (1) of section 10 of that Act except that any amendment so made shall be valid and take effect only to the extent that it conforms with the provisions of the Residential Property Act, 1976.”.