Exam Ready Notes for CORE Module ‘Business Law’!
Workshop 6 Notes of the Business Module on the Legal Practice Course (LPC) at the University of Law.
These notes were used for the June 2023 exams, where I achieved a Distinction!
BLP WS 6
Company Constitutions
The company’s constitution
Every company has a constitution. This comprises of certain key documents which evidence the existence of the
company, state its current share capital and rules that govern how the company should be run.
The company’s constitution is defined in s 17, s 29 and s 32 of the CA 2006, including:
ü Articles of Association
ü Certificate of Incorporation from CH
ü Current statement of capital
ü Copies of any Court orders and enactments altering the company’s constitution
ü Copies of resolutions (directors/shareholders decisions) affecting the articles
The Articles of Association
A company’s constitution includes the company’s articles: s 17(1)
® They are internal rules which govern how a company is run - every company must have them: s 18(1)
® They are a contract between the company and its members
® They may not conflict with mandatory provisions of the CA 2006.
® Always available for inspection by public at Companies House
® Must be in single document, with numbered paragraphs: s 18(3)
There are THREE OPTIONS for a company’s articles:
1) Unamended model articles of association; or
v A company registered with no other articles will by default have unamended Model Articles as its articles:
s 20(1).
v Act as a template when the constitution is silent of articles and it is a private company.
v These are set out in the Companies (Model Articles) Regulations 2008 (SI 2008/3229).
1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lpcnotes2024. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.94. You're not tied to anything after your purchase.
