Memorandum of association and articles of association.
6.—(1) The memorandum of association and articles of association of the Company shall be in such form consistent with this Act as may be approved of by the Minister.
(2) The articles of association of the Company shall provide that the directors of the Company shall be appointed by the Minister, that their conditions of appointment and remuneration shall be determined by him and that the qualification for being a director shall be the holding of at least one share in the Company.
(3) Notwithstanding anything contained in the Companies Acts, no alteration in the memorandum of association or articles of association of the Company shall be valid or effectual unless made with the previous approval of the Minister.
