simple question

simple question

Didn't find your answer?

A Client has set up a subsidiary of it's main trading company, the parent, set up last year and newco, were both set up by them with the model articles.

I seem to recall that to be a parent company differnt articles needed to be adopted - or was this just in the good old days and do the model articles now allow this )I have just read them and can find no mention one way or the other)

someone with far superior knowledge to mine will I am sure be able to answer easily!

Thanks

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By mark hodges
05th Apr 2012 10:16

Simple Answer

Aahh, the good old days.... when forming a company took forever and we all drafted our own mem and arts.

This however all changed with I think CA 85 (or was it 90) when we started incorporating without the need for a specific clause - unless we wanted to put one in, but started using general ones instead.

The model clauses allow just about anything that is for 'the good of the company'.

I'm not sure those days were better!

regards

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