When a company does not have its own articles of association, provisions of which table will apply:
When a company does not have its own articles of association, provisions of which table will apply:
Solution
When a company is registered without its own Articles of Association, the provisions of Table A automatically apply as the default articles.
Table A is provided in Schedule I of the Companies Act and contains model articles for companies limited by shares. This serves as a ready-made set of rules for internal management of the company.
The other tables serve different purposes:
- Table F applies to unlimited companies not having share capital
- Table C applies to companies limited by guarantee without share capital
- Table E applies to unlimited companies having share capital
Since most companies are formed as companies limited by shares, Table A is designed as the standard default provision. A company may choose to either adopt Table A entirely, adopt it with modifications, or draft completely new articles. However, if nothing is specified at the time of incorporation, Table A provisions become binding on the company automatically.
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