Companies Act 2014 section 977

Alteration of articles by special resolution

Section 977 deals with how a designated activity company (DAC) may alter or add to its articles of association by passing a special resolution.

• A DAC may alter or add to its articles by special resolution, provided this is consistent with the Companies Act 2014 and the conditions in its memorandum.
• Any alteration or addition must be approved by special resolution, which requires at least 75% of votes cast at a general meeting.
• Once made, any change or addition to the articles is treated as though it had been part of the original articles from the outset.
• Any such change or addition is itself subject to further alteration in the future, again by special resolution under the same rules.