Companies Act 2014 section 1242

Supplemental provisions in relation to section 1241

Section 1242 sets out supplementary rules governing how an unlimited company must handle alterations to its objects, including court restrictions, notice requirements for debenture holders, and filing obligations with the Registrar.

• Where a court order restricts changes to the company's constitution, the company cannot make such changes without the court's permission
• Debenture holders entitled to object to alterations of the company's objects must receive at least 10 days' notice of the meeting or written resolution proposing the change
• The company must file the altered memorandum of association with the Registrar within 15 days of the relevant deadline, or notify the Registrar immediately if an application to the court is made
• Failure to give notice or deliver documents to the Registrar is a category 4 offence for the company and any officer in default

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