Clause 11

Section 26 of the Companies Act is amended by deleting subsection (1) and substituting the following subsections:“(1) Unless otherwise provided in this Act, the memorandum of a company may be altered by special resolution.(1A) Subsection (1) is subject to section 26A and to any provision included in the memorandum of a company in accordance with that section.(1B) Notwithstanding subsection (1), a provision contained in the memorandum of a company immediately before the date of commencement of the Companies (Amendment) Act 2004 and which could not be altered under the provisions of this Act in force immediately before that date, may be altered only if all the members of the company agree.”.