The Companies Act, 1956
27. Regulations required in case of unlimited company, company limited by guarantee or private company limited by shares.
(1) In the case of an unlimited company, the articles shall state the number of members with which the company is to be registered and, if the company has a share capital the amount of share capital with which the company is to be registered.
(2) In the case of a company limited by guarantee, the articles shall state the number of members with which the company is to be registered.
(3) In the case of a private company having a share capital, the articles shall contain provisions relating to the matters specified in sub-clauses (a), (b) and (c) of clause (iii) of sub-section (1) of section 3; and in the case of any other private company, the articles shall contain provisions relating to the matters specified in the said sub-clauses (b) and (c).
