Question

Select the option from the option choices given in below and re-write the completed sentences:

A public company may adopt _____ in place of Articles of Association.

• A. Table A
  
• B. Memorandum of Association
  
• C. Prospectus
• D. None of these
  

Answer 1

Answer: (A)

Table A

The Articles of Association are drawn for internal administration of the Company. The articles of the company, besides containing the regulations of the company shall also include such additional matters as may be necessary for its management.

Under Companies Act, 1956, it was not mandatory for a public company limited by shares to have its Articles, as it could adopt the entire Table A of its articles; however under Companies Act, 2013, it is mandatory for every company to have its own articles.