CNPupdates

The legal pulse of Asia in your hands.

Featured authors

Bill Jamieson

Equity Partner

Relevant practices

Corporate Advisory >

Mergers And Acquisitions >

CNPupdates

A further observation on the constitution for a private company limited by shares

SHARE THIS ARTICLE

export this article

Date Published: 1 September 2016

Author: Bill Jamieson.

In the March 2016 edition of CNPupdate, we wrote some observations on this topic, which included a comment that once the company makes any amendment to the memorandum or articles of association [existing before the amendments to the Companies Act on 3 January 2016 that brought in the concept of the “constitution”] it will be required to file a complete set of regulations in the form of a single document as the constitution of the company.
We should have pointed out instead that a company may continue to make amendments to its pre-existing memorandum and articles in accordance with section 26 of the Act. The reason is that section 4(13)(a) of the Act states:
“With effect from the date of commencement of section 3 of the Companies (Amendment) Act 2014:

  • the memorandum of association and the articles of association of a company that is in force for the company immediately before that date:
    • shall collectively be deemed to constitute, and shall have effect as, that company’s constitution; and
    • may be amended by the company from time to time in the same manner as the constitution of a company;”

Note section 26(2) of the Act requires lodging a copy of the “constitution as adopted or altered” with the resolution for the amendment (unless the Registrar dispenses with that requirement). This seems to suggest the entire memorandum and articles, as amended, should be lodged as the constitution in the event of an amendment to the memorandum or articles of association under section 26.

GENERAL DISCLAIMER

This article is provided to you for general information and should not be relied upon as legal advice. The editor and the contributing authors do not guarantee the accuracy of the contents and expressly disclaim any and all liability to any person in respect of the consequences of anything done or permitted to be done or omitted to be done wholly or partly in reliance upon the whole or any part of the contents.

related practices

Services related to this article

Swipe right to scroll

service

Corporate Advisory

Every business involves an amalgam of various stakeholders, such as investors, shareholders and directors. Ideally, each of these stakeholders should have a common vision of what is best for the

service

Mergers And Acquisitions

Mergers and acquisitions (M&A) entail the confluence of multiple legal disciplines. That is why we take great care when assembling a team for each

Get in touch with the authors.

Our legal team comes decked with deep insights and the necessary legal expertise; all ready to help you with your legal needs.

Get in touch

How can CNP help?

We're ready to assist with your legal needs. Please share more details about the nature of your enquiry for us to better serve you.

Subscribe for CNPupdates!

No spam. Just timely legal insights to help you navigate Asia's ever evolving legal landscape.