Companies Act, 1973 (Act No. 61 of 1973)Chapter IV: Formation, Objects, Capacity, Powers, Names, Registration and Incorporation of CompaniesArticles of Association59. Companies to have articles of association |
| 1) | There shall be registered with the memorandum of a company, articles of association, prescribing articles for the company. |
| 2) | The articles of a company having a share capital- |
| a) | if a public company, may consist of the articles contained in Table A of Schedule 1; and |
| b) | if a private company, may consist of the articles contained in Table B of Schedule 1, |
subject to such additions, omissions and modifications as are stated in the articles, and the articles contained in the said Schedule shall, so far as applicable and not excluded or modified, apply to that company: Provided that after the commencement of this Act any condition contained in the articles of a company for compulsory loans to be made by members of the company to the company shall be of no force or effect.