Under Section 5 Companies Act 2013, the ARTICLES OF ASSOCIATION (AoA) contain:
Answer & Solution
Correct answer: A.
1. Section 5(1) Companies Act 2013: 'The articles of a company shall contain the regulations for management of the company.'
2. The AoA covers matters such as share capital, transfer of shares, alteration of capital, lien on shares, calls on shares, forfeiture, conversion of shares into stock, meetings of members, voting, directors, proceedings of board, dividends and reserves, accounts, audit, capitalisation of profits, winding up, indemnity.
3. Schedule I provides model articles in Tables F (limited by shares), G (limited by guarantee with share capital), H (limited by guarantee without share capital), I (unlimited with share capital), J (unlimited without share capital).
4. Section 5(6): a company may adopt model articles wholly or in part.
5. Hence option B is correct.
_Source: Companies Act 2013 (Act 18 of 2013), Govt. of India MCA — Companies Act 2013, Section 5; Schedule I Tables F-J_
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