By the end of this sub unit, you should be able to:
1. Explain the sections of the Act that regulate the altering of the Memorandum of Association.
2. Describe the procedures that are required so as to alter the Memorandum of Association.
The Memorandum of Association is a document in the constitution of a company that contains the most important provisions as it sets out the type of activities that the company can carry on. The memorandum can be altered by special resolution under Section 21 of the Act.