Which of the following is incorrect?
A . Subject to the company’s Articles of Association, shareholder approval is not required to enable the company to borrow money.
B . Subject to the company’s Articles of Association, shareholder approval is not required to authorise the issue of shares direct to one person for a non-cash consideration.
C . A company’s Articles cannot provide that the Articles are unalterable.
D . The Articles of Association may be altered by special resolution.
Answer: B