29 November 2009
I am a CA student preparing for PCC.My query is ; " every company registered under companies act need not have their own article of association" does this statement is : 1)false 2)partly true
I know that except public company limited by shares all companies shall register its AOA. I m confused what answer to give between above two?or both are correct??????????
Read section 26 carefully. Section-26 use (may) for a public company and use (shall) for a private company. It means a public company may or may not register its own AOA. If a public company choose not to make its own AOA then model Table A will be applicable.
But for a private company it is mandatory to get its AOA registered with ROC.
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