Hello! Please answer my queries:
- Why is the format given for articles in the companies act?
- Are all the rules in model articles, mandatory to adopt?
- Can a company modify some model regulations and put them it its articles?
Thank you.
Hello! Please answer my queries:
Thank you.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 26 September 2016
It is not mandatory to adopt Model articles given in the Act. You can have your own set of Articles. Model articles are given just for guidance. You may or may not adopt the same.
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