Secretarial practice

Bibliographic data

Monograph

Identifikator:: 1828236004

URN:: urn:nbn:de:zbw-retromon-249926

Document type:: Monograph

Title:: Secretarial practice

Edition:: fourth edition

Place of publication:: Cambridge

Publisher:: W. Heffer & Sons Ltd

Year of publication:: 1930

Scope:: viii, 987 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter IV. Articles of association

Collection:: Economics Books

CHAPTER 1V ARTICLES OF ASSOCIATION Table A. WITH the memorandum, there may, in the case of a com- pany limited by shares, and there must in the case of a company limited by guarantee or unlimited, be registered articles of association, signed by the subscribers and pre- scribing regulations for the company (s. 6). The articles of a company limited by guarantee or of an unlimited company are required by the Act to contain certain provisions as to the capital or number of members (s. 7 and supra pp. 10 and II). In the case of a company limited by shares, registered on or after November 1, 1929, if no articles are registered, the regulations contained in Table A, in the first schedule to the Companies Act, 1929, are, so far as they are applicable, the regulations of the company. Many existing companies have as articles, Table A of 1908 or some modified form of an earlier version of Table A. Table A is a model set of articles, which can be adopted, modified or rejected, as the company or its promoters may please. It has been held that, the original Table A being part of the Companies Act, 1862, placed there by the legis- lature, no transaction which conforms to its provisions can be ultra vires [see Lock v. Queensland Mortgage Co. (1890), A.C. 461]. The same principle must apply to the revised Table A of 1906, the Table A of 1908, and the present Table A. The regulations contained in Table A (as well as any other articles) can be altered by a special resolution passed by the company (s. 10). Table A may be altered by the Board of Trade from time to time, but any alterations so made will not affect any company registered before the date of such alteration (s. 379). Table A, however, does not suit the requirements of all companies. Large companies continue to have special articles of their own, and exclude Table A entirely; small companies may adopt Table A with or without modification; but generally speaking it is more convenient for a company to have articles of its own, and the additional expense is small. 20

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