Non-Application of the Standard Table
2. The articles of association constituting the Standard Table prescribed pursuant to Article 6
of the Law shall not apply to the company,
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(1) The Minister may prescribe a set of model articles, to be known as the Standard Table, which is appropriate for a par value company which –

(a) does not have unlimited shares; and

(b) has a memorandum which does not provide for guarantor members.

(1A) Any company (whether or not it is one to which paragraph (1) refers) may adopt the whole or any part of the Standard Table for its articles to the extent that it is appropriate to do so.

(2) Where a company to which paragraph (1) refers is registered after the Standard Table has been prescribed, the Table (so far as it is applicable, and in force at the date of the company’s registration) shall –

(a) if articles have not been registered; or

(b) if articles have been registered, to the extent that they do not modify or exclude the Table,

constitute the company’s articles as if articles in the form of the Table had been duly registered.

(3) If the Standard Table is altered in consequence of an Order under this Article, the alteration shall not –

(a) affect a company registered before the alteration takes effect; or

(b) have the effect of altering, as respects that company, any portion of the Table.