Which of the following is CORRECT?

Which of the following is CORRECT?

(i) A company registered today may restrict its ability to contract by including a provision to that effect in its articles of association.

(ii) A company which was registered before the Companies Act 2006 came into force may pass a special resolution to remove its objects clause from its memorandum of association.

(iii) If the directors ignore any restriction on the company’s ability to contract they may be sued for breach of duty by the company.
A . (i) only
B . (ii) only
C . (i) and (iii) only
D . (i), (ii) and (iii)

View Answer

Answer: D