Section 20Part 2 — Constitution and Incorporation of Companies and Associations
Articles prescribing regulations for companies
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There may, in the case of a company limited by shares, and there shall, in the case of a company limited by guarantee or unlimited, be registered with the memorandum, articles of association signed by the subscribers to the memorandum and pre scribing regulations for the company. 21. Regulations required in case of unlimited company or company limited by guarantee 21 .
In the case of an unlimited company the articles must state the number of members with which the company proposes to be re gistered and, if the company has a share capital, the amount of share capital with which the company proposes to be registered.
In the case of a company limited by guarantee, the articles must state the number of members with which the company proposes to be registered.