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. 
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