Every company must have AOA.
The articles of a company are the rules and regulations
hence these are necessary for the working of a company.
According to companies act a format of Articles is given
according to which the articles are framed by any company, this format is known
as table A.
Company may fully adopt table A or it may frame its own
articles, so the company may partly adopt table A and partly frame its own
articles.
If the company does not want to adopt table A then the
company must mention regarding the non applicability of Table A otherwise the
table A will automatically apply.
The articles of a company are inferior to the memorandum and
the articles cannot override memorandum.
Articles are binding upon the company as well its members
but articles are not binding upon the outsiders.
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