other company or institution or companies or institutions having objects similar to its main objects to be determined by the Members of the Company at or before the time of its dissolution or, failing such determination, by the Court. The objects set forth in any clause of this memorandum of incorporation shall not be restrictively construed, but the widest interpretation shall be given thereto and they shall not, except when the context expressly so requires, be in any way limited or restricted by reference to or inference from any other object or objects set forth in such clause, or from the terms of any other clause, or by the name of the South African Audience Research Foundation. None of such clauses or the object or objects therein specified or the powers thereby conferred, shall be deemed subsidiary or ancillary to the objects or the powers mentioned in any other clause, but the South African Audience Research Foundation shall have full powers to exercise all or any of the objects conferred by and provided in any other or more of the said clauses. AMENDMENT OF THE MEMORANDUM OF INCORPORATION AND COMPANY RULES The Board may propose to amend any of the provisions of this Memorandum of Incorporation and the Members may by way of special resolution supported by 75% of all Members, adopt such amendments at a properly constituted general meeting of the Company. A notice of alteration of the provisions of the Memorandum of Incorporation shall be sent to each member via electronic mail at least 21 (twenty one) days before the general meeting to consider the proposed amendments. The board shall ensure that a copy of any amendments that have been made to the Memorandum of Incorporation shall be given to the Commissioner of the South African Revenue Service within 10 (ten) Business days of having effected such amendments. Such submission to the Companies and Intellectual Properties Commission (CIPC) must be made within 3 (three) months of the date of the resolution. No amendments be made which: allow any income or other funds of the Company to be applied for a purpose which does not promote the achievement of the objects of the Company; and will amend this clause in any manner which would give any proprietary or similar interest in the Company’s account to any natural person or any other entity which is not a public benefit organization. The board may make, amend or repeal any necessary or incidental rules relating to the governance of the Company by publishing a copy of these rules via electronic mail to each of the directors and filing a copy of these rules at the Company’s registered office.
other company or institution or companies or institutions having objects similar to its main objects to be determined by the Members of the Company at or before the time of its dissolution or, failing such determination, by the Court. The objects set forth in any clause of this memorandum of incorporation shall not be restrictively construed, but the widest interpretation shall be given thereto and they shall not, except when the context expressly so requires, be in any way limited or restricted by reference to or inference from any other object or objects set forth in such clause, or from the terms of any other clause, or by the name of the South African Audience Research Foundation. None of such clauses or the object or objects therein specified or the powers thereby conferred, shall be deemed subsidiary or ancillary to the objects or the powers mentioned in any other clause, but the South African Audience Research Foundation shall have full powers to exercise all or any of the objects conferred by and provided in any other or more of the said clauses. AMENDMENT OF THE MEMORANDUM OF INCORPORATION AND COMPANY RULES The Board may propose to amend any of the provisions of this Memorandum of Incorporation and the Members may by way of special resolution supported by 75% of all Members, adopt such amendments at a properly constituted general meeting of the Company. A notice of alteration of the provisions of the Memorandum of Incorporation shall be sent to each member via electronic mail at least 21 (twenty one) days before the general meeting to consider the proposed amendments. The board shall ensure that a copy of any amendments that have been made to the Memorandum of Incorporation shall be given to the Commissioner of the South African Revenue Service within 10 (ten) Business days of having effected such amendments. Such submission to the Companies and Intellectual Properties Commission (CIPC) must be made within 3 (three) months of the date of the resolution. No amendments be made which: allow any income or other funds of the Company to be applied for a purpose which does not promote the achievement of the objects of the Company; and will amend this clause in any manner which would give any proprietary or similar interest in the Company’s account to any natural person or any other entity which is not a public benefit organization. The board may make, amend or repeal any necessary or incidental rules relating to the governance of the Company by publishing a copy of these rules via electronic mail to each of the directors and filing a copy of these rules at the Company’s registered office.