Page 79 - DCOM106_COMPANY_LAW

Company Law Sukhpreet Kaur, Lovely Professional University

Notes Unit 6: Articles of Association

CONTENTS
Objectives
Introduction

6.1 Articles of Association – Meaning and Purpose
6.2 Registration of Articles
6.3 Subject Matter of Articles

6.4 Inspection of Copies of the Articles
6.5 Alteration of Articles
6.6 Doctrine of Indoor Management
6.7 Constructive Notice of Memorandum and Articles
6.8 Articles and Memorandum: Their Relation and Distinction

6.8.1 Members bound to Company
6.8.2 Company bound to Members
6.9 Legal Effect of Memorandum and Articles

6.10 Summary
6.11 Keywords
6.12 Review Questions
6.13 Further Readings

Objectives

After studying this unit, you will be able to:

Define articles of association;
Describe registration of articles;
Explain subject matter of articles;

Know alteration of articles;
Elaborate upon doctrine of indoor management.

Introduction

There may in the case of a public company limited by shares, and there shall in the case of an
unlimited company or a company limited by guarantee or a private company limited by shares,
be registered with the memorandum, articles of association signed by the subscribers of the
memorandum, prescribing regulations for the company.
The articles of association of a company limited by shares may adopt all or any of the regulations
contained in Table A in Schedule I.

74 LOVELY PROFESSIONAL UNIVERSITY