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The Companies (Model Articles) Regulations 2008

S.I. 2008/3229 · Made 16 December 2008 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 24 November 2025.

Companies

Made 16th December 2008

Laid before Parliament 17th December 2008

Coming into force 1st October 2009

The Secretary of State makes the following Regulations in exercise of the powers conferred by section 19 of the Companies Act 2006f1—C1

Annotations to the whole text

Modifications

C1

Regulations: power to apply (with or without modifications) conferred (8.12.2017) by The Risk Transformation Regulations 2017 (S.I. 2017/1212), reg. 20 (with reg. 189)

Footnotes

f1

2006 c.46.

Contents

  1. 1Citation and Commencement
  2. 2Model articles for private companies limited by shares
  3. 3Model articles for private companies limited by guarantee
  4. 4Model articles for public companies
  5. Signature
  6. Schedule 1: MODEL ARTICLES FOR PRIVATE COMPANIES LIMITED BY SHARES
  7. Part 1: INTERPRETATION AND LIMITATION OF LIABILITY
  8. 1Defined terms
  9. 2Liability of members
  10. Part 2: DIRECTORS
  11. Chapter: DIRECTORS’ POWERS AND RESPONSIBILITIES
  12. 3Directors’ general authority
  13. 4Shareholders’ reserve power
  14. 5Directors may delegate
  15. 6Committees
  16. Chapter: DECISION-MAKING BY DIRECTORS
  17. 7Directors to take decisions collectively
  18. 8Unanimous decisions
  19. 9Calling a directors’ meeting
  20. 10Participation in directors’ meetings
  21. 11Quorum for directors’ meetings
  22. 12Chairing of directors’ meetings
  23. 13Casting vote
  24. 14Conflicts of interest
  25. 15Records of decisions to be kept
  26. 16Directors’ discretion to make further rules
  27. Chapter: APPOINTMENT OF DIRECTORS
  28. 17Methods of appointing directors
  29. 18Termination of director’s appointment
  30. 19Directors’ remuneration
  31. 20Directors’ expenses
  32. Part 3: SHARES AND DISTRIBUTIONS
  33. Chapter: SHARES
  34. 21All shares to be fully paid up
  35. 22Powers to issue different classes of share
  36. 23Company not bound by less than absolute interests
  37. 24Share certificates
  38. 25Replacement share certificates
  39. 26Share transfers
  40. 27Transmission of shares
  41. 28Exercise of transmittees’ rights
  42. 29Transmittees bound by prior notices
  43. Chapter: DIVIDENDS AND OTHER DISTRIBUTIONS
  44. 30Procedure for declaring dividends
  45. 31Payment of dividends and other distributions
  46. 32No interest on distributions
  47. 33Unclaimed distributions
  48. 34Non-cash distributions
  49. 35Waiver of distributions
  50. Chapter: CAPITALISATION OF PROFITS
  51. 36Authority to capitalise and appropriation of capitalised sums
  52. Part 4: DECISION-MAKING BY SHAREHOLDERS
  53. Chapter: ORGANISATION OF GENERAL MEETINGS
  54. 37Attendance and speaking at general meetings
  55. 38Quorum for general meetings
  56. 39Chairing general meetings
  57. 40Attendance and speaking by directors and non-shareholders
  58. 41Adjournment
  59. Chapter: VOTING AT GENERAL MEETINGS
  60. 42Voting: general
  61. 43Errors and disputes
  62. 44Poll votes
  63. 45Content of proxy notices
  64. 46Delivery of proxy notices
  65. 47Amendments to resolutions
  66. Part 5: ADMINISTRATIVE ARRANGEMENTS
  67. 48Means of communication to be used
  68. 49Company seals
  69. 50No right to inspect accounts and other records
  70. 51Provision for employees on cessation of business
  71. Chapter: DIRECTORS’ INDEMNITY AND INSURANCE
  72. 52Indemnity
  73. 53Insurance
  74. Schedule 2: MODEL ARTICLES FOR PRIVATE COMPANIES LIMITED BY GUARANTEE
  75. Part 1: INTERPRETATION AND LIMITATION OF LIABILITY
  76. 1Defined terms
  77. 2Liability of members
  78. Part 2: DIRECTORS
  79. Chapter: DIRECTORS’ POWERS AND RESPONSIBILITIES
  80. 3Directors’ general authority
  81. 4Members’ reserve power
  82. 5Directors may delegate
  83. 6Committees
  84. Chapter: DECISION-MAKING BY DIRECTORS
  85. 7Directors to take decisions collectively
  86. 8Unanimous decisions
  87. 9Calling a directors’ meeting
  88. 10Participation in directors’ meetings
  89. 11Quorum for directors’ meetings
  90. 12Chairing of directors’ meetings
  91. 13Casting vote
  92. 14Conflicts of interest
  93. 15Records of decisions to be kept
  94. 16Directors’ discretion to make further rules
  95. Chapter: APPOINTMENT OF DIRECTORS
  96. 17Methods of appointing directors
  97. 18Termination of director’s appointment
  98. 19Directors’ remuneration
  99. 20Directors’ expenses
  100. Part 3: MEMBERS
  101. Chapter: BECOMING AND CEASING TO BE A MEMBER
  102. 21Applications for membership
  103. 22Termination of membership
  104. Chapter: ORGANISATION OF GENERAL MEETINGS
  105. 23Attendance and speaking at general meetings
  106. 24Quorum for general meetings
  107. 25Chairing general meetings
  108. 26Attendance and speaking by directors and non-members
  109. 27Adjournment
  110. Chapter: VOTING AT GENERAL MEETINGS
  111. 28Voting: general
  112. 29Errors and disputes
  113. 30Poll votes
  114. 31Content of proxy notices
  115. 32Delivery of proxy notices
  116. 33Amendments to resolutions
  117. Part 4: ADMINISTRATIVE ARRANGEMENTS
  118. 34Means of communication to be used
  119. 35Company seals
  120. 36No right to inspect accounts and other records
  121. 37Provision for employees on cessation of business
  122. Chapter: DIRECTORS’ INDEMNITY AND INSURANCE
  123. 38Indemnity
  124. 39Insurance
  125. Schedule 3: MODEL ARTICLES FOR PUBLIC COMPANIES
  126. Part 1: INTERPRETATION AND LIMITATION OF LIABILITY
  127. 1Defined terms
  128. 2Liability of members
  129. Part 2: DIRECTORS
  130. Chapter: DIRECTORS’ POWERS AND RESPONSIBILITIES
  131. 3Directors’ general authority
  132. 4Members’ reserve power
  133. 5Directors may delegate
  134. 6Committees
  135. Chapter: DECISION-MAKING BY DIRECTORS
  136. 7Directors to take decisions collectively
  137. 8Calling a directors’ meeting
  138. 9Participation in directors’ meetings
  139. 10Quorum for directors’ meetings
  140. 11Meetings where total number of directors less than quorum
  141. 12Chairing directors’ meetings
  142. 13Voting at directors’ meetings: general rules
  143. 14Chairman’s casting vote at directors’ meetings
  144. 15Alternates voting at directors’ meetings
  145. 16Conflicts of interest
  146. 17Proposing directors’ written resolutions
  147. 18Adoption of directors’ written resolutions
  148. 19Directors’ discretion to make further rules
  149. Chapter: APPOINTMENT OF DIRECTORS
  150. 20Methods of appointing directors
  151. 21Retirement of directors by rotation
  152. 22Termination of director’s appointment
  153. 23Directors’ remuneration
  154. 24Directors’ expenses
  155. Chapter: ALTERNATE DIRECTORS
  156. 25Appointment and removal of alternates
  157. 26Rights and responsibilities of alternate directors
  158. 27Termination of alternate directorship
  159. Part 3: DECISION-MAKING BY MEMBERS
  160. Chapter: ORGANISATION OF GENERAL MEETINGS
  161. 28Members can call general meeting if not enough directors
  162. 29Attendance and speaking at general meetings
  163. 30Quorum for general meetings
  164. 31Chairing general meetings
  165. 32Attendance and speaking by directors and non-members
  166. 33Adjournment
  167. Chapter: VOTING AT GENERAL MEETINGS
  168. 34Voting: general
  169. 35Errors and disputes
  170. 36Demanding a poll
  171. 37Procedure on a poll
  172. 38Content of proxy notices
  173. 39Delivery of proxy notices
  174. 40Amendments to resolutions
  175. Chapter: RESTRICTIONS ON MEMBERS’ RIGHTS
  176. 41No voting of shares on which money owed to company
  177. Chapter: APPLICATION OF RULES TO CLASS MEETINGS
  178. 42Class meetings
  179. Part 4: SHARES AND DISTRIBUTIONS
  180. Chapter: ISSUE OF SHARES
  181. 43Powers to issue different classes of share
  182. 44Payment of commissions on subscription for shares
  183. Chapter: INTERESTS IN SHARES
  184. 45Company not bound by less than absolute interests
  185. Chapter: SHARE CERTIFICATES
  186. 46Certificates to be issued except in certain cases
  187. 47Contents and execution of share certificates
  188. 48Consolidated share certificates
  189. 49Replacement share certificates
  190. Chapter: SHARES NOT HELD IN CERTIFICATED FORM
  191. 50Uncertificated shares
  192. 51Share warrants
  193. Chapter: PARTLY PAID SHARES
  194. 52Company’s lien over partly paid shares
  195. 53Enforcement of the company’s lien
  196. 54Call notices
  197. 55Liability to pay calls
  198. 56When call notice need not be issued
  199. 57Failure to comply with call notice: automatic consequences
  200. 58Notice of intended forfeiture
  201. 59Directors’ power to forfeit shares
  202. 60Effect of forfeiture
  203. 61Procedure following forfeiture
  204. 62Surrender of shares
  205. Chapter: TRANSFER AND TRANSMISSION OF SHARES
  206. 63Transfers of certificated shares
  207. 64Transfer of uncertificated shares
  208. 65Transmission of shares
  209. 66Transmittees’ rights
  210. 67Exercise of transmittees’ rights
  211. 68Transmittees bound by prior notices
  212. Chapter: CONSOLIDATION OF SHARES
  213. 69Procedure for disposing of fractions of shares
  214. Chapter: DISTRIBUTIONS
  215. 70Procedure for declaring dividends
  216. 71Calculation of dividends
  217. 72Payment of dividends and other distributions
  218. 73Deductions from distributions in respect of sums owed to the company
  219. 74No interest on distributions
  220. 75Unclaimed distributions
  221. 76Non-cash distributions
  222. 77Waiver of distributions
  223. Chapter: CAPITALISATION OF PROFITS
  224. 78Authority to capitalise and appropriation of capitalised sums
  225. Part 5: MISCELLANEOUS PROVISIONS
  226. Chapter: COMMUNICATIONS
  227. 79Means of communication to be used
  228. 80Failure to notify contact details
  229. Chapter: ADMINISTRATIVE ARRANGEMENTS
  230. 81Company seals
  231. 82Destruction of documents
  232. 83No right to inspect accounts and other records
  233. 84Provision for employees on cessation of business
  234. Chapter: DIRECTORS’ INDEMNITY AND INSURANCE
  235. 85Indemnity
  236. 86Insurance
  237. Explanatory note