Under section 10 of the Isle of Man Companies Act 1931, a Company may alter or add to its articles of association by Special Resolution.

The Special Resolution can be passed in a general meeting but, for companies with a small number of shareholders it’s generally easier to pass a resolution in writing as this avoids the complications involved in formerly convening and holding a meeting. 

Step 1 – Prepare revised Articles of Association

Step 2 – Download and amend – Members resolution – Adopt new Articles (1931)

Step 3 – All shareholders should be provided with a copy of the revised articles and sign the resolution.

Step 4 – File a copy of the written resolution and the revised articles at the companies registry.