Last Updated: 24 June 2022

[COM 728] Memorandum and articles of association of existing company728 

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(1) The provisions that formed part of an existing company’s memorandum of association and articles of association are taken on the commencement date to form part of the existing company’s articles of association, except those provisions that provide for the issue of, or refer to, bearer shares, bearer stock or share warrants in an existing company which are null and void as at the commencement date.
(2) For the avoidance of doubt, where an existing company adopted—
  • (a)the incidental and ancillary powers in the First Schedule of the Companies Act (Cap. 247); and/or
  • (b)the Table A form articles of association in the Second Schedule of the Companies Act (Cap. 247); and/or
  • (c)the standard form memorandum of association or articles of association contained in one of the repealed Acts,

as its articles of association, those articles of association are taken on the commencement date to form part of the existing company’s articles of association, except those provisions that provide for the issue of, or refer to, bearer shares, bearer stock or share warrants in an existing company which are null and void as at the commencement date.