S.L. 234.42 Art. 16Articles of Association.

(1) There may be registered with the memorandum, articles of association (hereinafter referred to as "articles"), which shall be signed by the subscribers to the memorandum and prescribing regulations for the company.

(2) If articles are not registered, or, if articles are registered, in so far as the articles do not exclude or modify the model regulations contained in the First Schedule, such model regulations shall be the regulations of the company in the same manner and to the same extent as if they were contained in duly registered articles:

Provided that this provision shall not apply in relation to model regulation 22 of the First Schedule, unless that provision is expressly reproduced in the memorandum or articles of the company.

Chapter III - Registration