Amendment of Memorandum and Articles

(1) Subject to any limitation in its Memorandum or Articles, a company incorporated under this Act may amend its Memorandum or Articles by a resolution of members or, where permitted by its Memorandum or Articles or by this Act, by a resolution of directors. (2) A company that amends its Memorandum or Articles must submit a copy of the amendment to the Registrar along with an authenticated copy of the resolution passed or other authenticated documents, to the satisfaction of the Registrar that the amendment was duly authorised and the Registrar must retain and register the copy of the amendment. (3) An amendment to the Memorandum or Articles has effect from the time the amendment is registered by the (4) A company that wilfully contravenes sub-section (2), is liable to a penalty of $50 for each day or part thereof during which the contravention continues, and a director who knowingly permits the contravention is liable to a like penalty. 30