Companies Act 2014 section 1336

Provisions as to companies registered under Joint Stock Companies Acts

Section 1336 deals with the rights of companies registered under the Joint Stock Companies Acts regarding share transfers and the power of unlimited companies to alter their capital-related regulations.

• Companies registered under the Joint Stock Companies Acts may transfer shares using their existing procedures or any other method the company chooses to adopt.
• Unlimited companies formed and registered under the Joint Stock Companies Acts have an extended power to alter regulations about the amount of capital or its division into shares.
• This extended power to alter capital-related regulations applies even where those regulations are contained in the company's memorandum rather than its articles.
• The power to alter articles (and, by extension, capital regulations) does not apply to private companies limited by shares.