Section 28 | Existing companies: provisions of memorandum treated as provisions of articles

(1)Provisions that immediately before the commencement of this Part were contained in a company's memorandum but are not provisions of the kind mentioned in section 8 (provisions of new-style memorandum) are to be treated after the commencement of this Part as provisions of the company's articles.

(2)This applies not only to substantive provisions but also to provision for entrenchment (as defined in section 22).

(3)The provisions of this Part about provision for entrenchment apply to such provision as they apply to provision made on the company's formation, except that the duty under section 23(1)(a) to give notice to the registrar does not apply.