The First Schedule to the 1948 Companies Act contained a model set of Articles of Association which could be adopted by a company limited by shares. It was in two parts, Part I referring to public companies and Part II to private companies. The 1980 Companies Act, in redefining categories of limited company, repealed Part II of Table A. All limited companies are now assumed to have adopted the pro¬ visions of Table A Part I, which is now Table A of the 1985 Companies Act Section 8, except where any of those provisions are expressly or implicitly excluded by the particular set of articles filed by the company on registration. A company is not obliged to file articles, but if it does not do so it will be bound by Table A.
|Reference: The Penguin Business Dictionary, 3rd edt.|