The Companies (Model Articles) Regulations 2008 (SI 2008/3229) are the default company constitution for limited companies under UK company law. The Model Articles will apply to a limited company if it does not register its own articles or, if it does register them, they will apply to the extent that they are not modified by the Articles of the company.[1]
The new Model Articles came into force on 1 October 2009 and replaced the old Companies Act 1985Table A Articles. There are no Model Articles for unlimited companies as these types of companies are relatively rare and often have very specific needs that do not justify a standardised approach.[2] The Model Articles do not affect companies incorporated prior to 1 October 2009 unless they choose to adopt them.
Schedule 1 contains the model articles for companies limited by shares. Schedule 2 contains model articles for companies limited by guarantee (which are often non-profit).
The model articles for private companies were drafted primarily for small companies. This means that they tend to be more accessible to the directors and members but they are often not appropriate for companies with multiple shareholders and/or directors that want more detailed constitutional rules.
There are two other sets of model articles of association prescribed by statute for private companies in England. The Right to Manage (Model Articles) England Regulations 2009[3] for Right to Manage companies and The Commonhold (Amendment) Regulations 2009[4] for Commonhold Associations.
Public companiesedit
Schedule 3 contains a more comprehensive set of provisions exist for the model public company articles, reflecting the generally more complex nature of a public company, and extra requirements such as provisions on accounts and the company secretary.
^Department for Business Innovation & Skills, "Companies Act 2006 final implementation – changes to constitutional documents, including model articles: a summary of what the new approach means" 2011-12-06 at the Wayback Machine paragraph 1.21 - fetched on 9 December 2011
companies, model, articles, regulations, 2008, 2008, 3229, default, company, constitution, limited, companies, under, company, model, articles, will, apply, limited, company, does, register, articles, does, register, them, they, will, apply, extent, that, they. The Companies Model Articles Regulations 2008 SI 2008 3229 are the default company constitution for limited companies under UK company law The Model Articles will apply to a limited company if it does not register its own articles or if it does register them they will apply to the extent that they are not modified by the Articles of the company 1 The new Model Articles came into force on 1 October 2009 and replaced the old Companies Act 1985 Table A Articles There are no Model Articles for unlimited companies as these types of companies are relatively rare and often have very specific needs that do not justify a standardised approach 2 The Model Articles do not affect companies incorporated prior to 1 October 2009 unless they choose to adopt them Contents 1 Private companies 2 Public companies 3 See also 4 References 5 External linksPrivate companies editSchedule 1 contains the model articles for companies limited by shares Schedule 2 contains model articles for companies limited by guarantee which are often non profit The model articles for private companies were drafted primarily for small companies This means that they tend to be more accessible to the directors and members but they are often not appropriate for companies with multiple shareholders and or directors that want more detailed constitutional rules There are two other sets of model articles of association prescribed by statute for private companies in England The Right to Manage Model Articles England Regulations 2009 3 for Right to Manage companies and The Commonhold Amendment Regulations 2009 4 for Commonhold Associations Public companies editSchedule 3 contains a more comprehensive set of provisions exist for the model public company articles reflecting the generally more complex nature of a public company and extra requirements such as provisions on accounts and the company secretary See also editCorporate law UK company law Articles of associationReferences edit section 20 Companies Act 2006 Department for Business Innovation amp Skills Companies Act 2006 final implementation changes to constitutional documents including model articles a summary of what the new approach means Archived 2011 12 06 at the Wayback Machine paragraph 1 21 fetched on 9 December 2011 SI 2009 2767 SI 2009 2363External links editThe Companies Model Articles Regulations 2008 3229 Overview of the Key Provisions of the Model Articles nbsp nbsp This article relating to law in the United Kingdom or its constituent jurisdictions is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Companies Model Articles Regulations 2008 amp oldid 1195934018, wikipedia, wiki, book, books, library,
