Irish Shipping Limited (Amendment) Act, 1980

Amendment of section 2 (1) of Principal Act.

2.—Section 2 of the Principal Act is hereby amended by the substitution of “£22,000,000” for “£12,000,000” (inserted by the Act of 1959) in subsection (1) and the said subsection, as so amended, is set out in the Table to this section.

TABLE

(1) Notwithstanding anything contained in the Companies Acts, 1908 to 1924, or in the memorandum or articles of association of the Company, the Company may increase its capital to a total not exceeding £22,000,000 and for that purpose may, subject to the provisions of this Act, make such alterations in its memorandum and articles of association as may be appropriate.