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Updating to the new Companies Act 2006 Articles of Association
 
The Companies Act 2006 introduces one of the most fundamental changes in company law for many years by replacing the previous Memorandum & Articles of Association based on Table A Regulations with what is now simply the Articles of Association. Table A regulations cease to exist and are replaced by the Model Articles prescribed in the Act, and the Memorandum now contains nothing more than a statement of intent to register a company and is a historic document of no further value following the incorporation of a company.
Though perfectly serviceable, the model articles prescribed in the Act are not as comprehensive as they could be, particulary with regard to best practice and company management

So whats been left out of the Model Articles? 

  • They do not allow for the issue of nil or partly paid shares.
  • They make no proper provision for multiple classes of shares.
  • They do not contain provision for alternate directors which may be useful where directors are absent for extended periods.
  • They contain no provision for members’ rights, proxies, meetings regimes, share pre-emption or director conflicts and unreasonably assume that directors will have sufficient knowledge of these matters as outlined in the Act.
  • They include no provision for the appointment of a company secretary.

    For this reason, ACRA members have access to bespoke Articles of Association that are fully compliant, more comprehensive and equipped to enable companies to benefit from the new Act to their full advantage.

    ACRA approved Articles are prepared by senior lawyers with ovver 20 years experience as members of the Law Society Standing Committee on Company Law. 

     As members of ACRA we are pleased to offer you the opportunity to adopt the new bespoke Articles. The fee for this is 40.00 + VAT per company . We can also provide discounts for larger volumes of companies.

    We will draft the resolution and deliver the new Articles to Companies House, and provide a bound copy of the new Articles to you by post and email. Extra printed and bound copies can be provided for an extra charge.

    We will of course, be providing these bespoke Articles as standard with all new formations.

    for more information call us now on 01883 625077

  • Douglas Company Services Ltd : 44a The Green : Warlingham : Surrey : CR6 9NA    Tel.01883 625077 : Fax.01883 626452
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