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Commentary

93.7 Restrictions that should be accepted by the shareholders alone

JOINT VENTURES vol 19(2)

93.7 Restrictions that should be accepted by the shareholders alone

| Commentary

The case of Russell v Northern Bank Development Corpn Ltd1 made it clear that a company cannot accept any limitations on its powers to change its articles2 or to increase its share capital3. Logically, the principle must also apply to other changes to a company’s constitution, such as

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