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Power of certain companies to alter memorandum of association.
No alterations therein, save as herein mentioned.
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12. Any company limited by shares may so far modify the conditions contained in its memorandum of association, if authorized to do so by its regulations as originally framed, or as altered by special resolution in manner herein-after mentioned, as to increase its capital by the issue of new shares of such amount as it thinks expedient, or to consolidate and divide its capital into shares of larger amount than its existing shares, or to convert its paid-up shares into stock; but, save as aforesaid, and save as is herein-after provided in the case of a change of name, no alteration shall be made by any company in the conditions contained in its memorandum of association.
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