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LPC Law Notes Business Law and Practice Notes

Model Articles Table A Table Notes

Updated Model Articles Table A Table Notes

Business Law and Practice Notes

Business Law and Practice

Approximately 649 pages

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NOTE Co.’s that were incorporated on or after 1 Oct, 2009 = 2006 Act Co. and are governed by the 2006 Act and thus MA apply; conversely, Co.’s that were incorporated before 1 Oct, 2009 = 1985 Act Co. and are governed by the 1985 Act and thus TA apply to its Art. of Asso.
MA = Model Articles TA = Table A

S.20 of the 2006 Co. Act provides that the articles of a 2006 co. are to be those set out in the “Model Articles” Regulation 2008, except to the extend its shareholders substitute their own articles. There are 3 MA’s:

1. Private Limited Co by Shares

2. Private Limited Co by Guarantee

3. Public Limited Co.

 The TA is the equivalent “Model Articles” of a 1985 Act Co. Unlike for 2006 Act Co. there are no TA’s for every kind of company.

MA/TA Authority Table – Alphabetical

Decision Authority
All shares to be fully paid up MA21 / No TA equivalent
Appointing D's MA17 / TA78/79
BMs - Calling MA9 / TA88
BMs - Casting Vote MA13 / TA88
BMs - Chairing MA12 / TA91
BMs - Conflicts of Interest MA14 / TA 85,86, 94 (exceptions), 95 & 96
BMs - Participating MA10 / No TA equivalent
BMs - Quorum MA11 / TA89, 95 & 96
BMs - Records of Decisions MA15 / TA 100(b)
Capitalise and Appropriation of Sums - Authority MA36 / TA110
Committees MA6 / TA 72
Communication means MA48 / TA 111 - TA116
Company not bound by less than absolute interests MA23 / TA5
Company Seals MA49 / TA101
D’s Delegation Powers MA5 / TA71 & 72
D’s General Authority MA3 / TA70
D’s taking decisions collectively = +50% MA7 / TA 88
Defined Terms MA1 / TA1
Distributions - No interest MA32 / TA107
Distributions - Non Cash MA34 / TA105
Distributions - Unclaimed MA33 / TA108
Distributions - Waiver MA35 / No equivalent TA
Dividend Declaration Procedure MA30 / TA 102 - 104
Dividend Payment & other Distributions MA31 / TA106
D's discretion to make further rules MA16 / TA88
D's Expense MA20 / TA 83
D's Remuneration MA19 / TA 82, 84 & 87
Decision Authority
GM - Adjourning MA41 / TA41 & TA45
GM - Disputes and Eros MA43 / TA58
GM - Proxy Notices - Contents MA45 / TA60 & TA61
GM - Proxy Notices - Delivery MA46 / TA63
GM - Voting - General MA42 / TA 46
GM - Voting - Poll MA44 / TA46 - TA52
GMs - Attendance and Speaking at - D's and non SHs MA40 / TA44
GMs - Attendance and Speaking at - SHs MA37 / No equivalent TA
GMs - Charing MA39 / TA 42 & TA43
GMs - Quorum MA38 / TA40
Indemnity MA52 / TA118
Insurance MA53 / TA87
Liability of Members MA2 / TA8
Power to Issue different classes of shares MA22 / TA 2 & 3
Provision for employees on cessation of business MA51 / No Equivalent TA
Resolutions - Amendments MA47 / No Equivalent TA
SH rights to inspect certain documents (see list below) MA50 / TA109
Share Certificate replacement MA25 / TA7
Share Certificates MA24 / TA6
Shareholder’s Reserve Power to Modify D’s authority MA4 / TA70
Termination of D's Appointment MA18 / TA 81
Transfer of Shares MA26 (absolute discretion) / TA23, 24 (limited discretion 25, 26, 27 & 28
Transmission of Shares MA27 / TA29-31
Transmission of Shares - Exercise of Transmittees Rights MA28 / TA29-31
Transmission of Shares - Transmittees bound by prior notices MA29 / TA29-31
Unanimous decisions MA8 / TA99

MA/TA Authority Table – By MA

Decision Authority
Defined Terms MA1 / TA1
Liability of Members MA2 / TA8
D’s General Authority MA3 / TA70
Shareholder’s Reserve Power to Modify D’s authority MA4 / TA70
D’s Delegation Powers MA5 / TA71 & 72
Committees MA6 / TA 72
D’s taking decisions collectively = +50% MA7 / TA 88
Unanimous decisions MA8 / TA99
BMs - Calling MA9 / TA88
BMs - Participating MA10 / No TA equivalent
BMs - Quorum MA11 / TA89, 95 & 96
BMs - Chairing MA12 / TA91
BMs - Casting Vote MA13 / TA88
BMs - Conflicts of Interest MA14 / TA 85,86, 94 (exceptions), 95 & 96
BMs - Records of Decisions MA15 / TA 100(b)
D's discretion to make further rules MA16 / TA88
Appointing D's MA17 / TA78/79
Termination of D's Appointment MA18 / TA 81
D's Remuneration MA19 / TA 82, 84 & 87
D's Expense MA20 / TA 83
All shares to be fully paid up MA21 / No TA equivalent
Power to Issue different classes of shares MA22 / TA 2 & 3
Company not bound by less than absolute interests MA23 / TA5
Share Certificates MA24 / TA6
Share Certificate replacement MA25 / TA7
Transfer of Shares MA26 (absolute discretion) / TA23, 24 (limited discretion 25, 26, 27 & 28
Decision Authority
Transmission of Shares MA27 / TA29-31
Transmission of Shares - Exercise of Transmittees Rights MA28 / TA29-31
Transmission of Shares - Transmittees bound by prior notices MA29 / TA29-31
Dividend Declaration Procedure MA30 / TA 102 - 104
Dividend Payment & other Distributions MA31 / TA106
Distributions - No interest MA32 / TA107
Distributions - Unclaimed MA33 / TA108
Distributions - Non Cash MA34 / TA105
Distributions - Waiver MA35 / No equivalent TA
Capitalise and Appropriation of Sums - Authority MA36 / TA110
GMs - Attendance and Speaking at - SHs MA37 / No equivalent TA
GMs - Quorum MA38 / TA40
GMs - Charing MA39 / TA 42 & TA43
GMs - Attendance and Speaking at - D's and non SHs MA40 / TA44
GM - Adjourning MA41 / TA41 & TA45
GM - Voting - General MA42 / TA 46
GM - Disputes and Eros MA43 / TA58
GM - Voting - Poll MA44 / TA46 - TA52
GM - Proxy Notices - Contents MA45 / TA60 & TA61
GM - Proxy Notices - Delivery MA46 / TA63
Resolutions - Amendments MA47 / No Equivalent TA
Communication means MA48 / TA 111 - TA116
Company Seals MA49 / TA101
SH rights to inspect certain documents (see list below) MA50 / TA109
Provision for employees on cessation of business MA51 / No Equivalent TA
Indemnity MA52 / TA118

MA/TA Authority Table – By TA

Decision Authority
Defined...

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