Articles of association

We know Companies Act has given model articles for different types of companies. Point 6 says, for any company that is registered after commencement of Act, the provisions contained in model articles would apply if they have not been excluded or modified by company in their articles. Example, say companies articles don't mention anything about interim dividend or don't put any condition specifically on it, so in that case provisions about it as contained in model articles will apply, assuming they are part of actual articles of company. Point 7, says about non-applicability of this section on articles of company registered under previous laws.

Sahibdeep Singh

CA Inter

★ 14K+

07-Sep-21 11:12