Companies Act, 1956
Sec 27 -
Regulations required in case of unlimited company, company limited by guarantee
or private company limited by shares.
(1) In the case of an unlimited company, the
articles shall state the number of members with which the company is to be
registered and, if the company has a share capital, the amount of share capital
with which the company is to be registered.
(2) In the case of a company limited by
guarantee, the articles shall state the number of members with which the
company is to be registered.
(3) In the case of a private company having a
share capital, the articles shall contain provisions relating to the matters
specified in sub-clauses (a), (b) and (c) of clause (iii) of sub-section (1) of
section 3; and in the case of any other private company, the articles shall
contain provisions relating to the matters specified in the said sub-clauses
(b) and (c).