Effect of the ACE LR
7.5
In the event a company has incorporated the deeming provision under Rule 7.36(4) of the ACE LR in its articles of association, is the company still required to amend its articles of association if there are amendments made to Chapter 7 of the ACE LR which are not already in its articles of association?
Yes, a company is still required to amend its articles of association in accordance with the relevant amendments of Chapter 7 of the ACE LR. This is to ensure that shareholders have access to articles of association which are updated and comprehensive.