I am trying to setup a pvt limited company. In AOA I have seen in the first para that Table A is NOT applicable. I have also noticed that some people say Table A IS applicable..
What should be correct way for a pvt company and what is the difference. thanks
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 08 June 2010
Hi,
Remove the clause which exclude table A from your article. It is always advisale to include Table A in your article because as per section 28(2) whether a company limited by share has adopted Table A or not, still due regulations of Table A shall apply to such company, "so far as applicable", unless Table A is specifically excluded.
So the benefit of icluding Table A is----if some provision or authorisation is not there in your drafted article, then you may borrow the provision from Table A as you have not excluded Table A from your article.