| Commentary

50.3 Likely special articles

| Commentary

50.3 Likely special articles

As under the Companies Act 1985, ‘special articles’ are likely to depend very much on the specific circumstances of each individual case. Having said that, in the case of a private company limited by shares, many of the changes which were standard under the Companies Act 1985 are likely to remain relevant under the new. For instance, it will still be necessary to include most of the provisions dealing with the company’s share capital, such as details of any special classes of shares together with the rights attached to them and details of any special procedures which apply to the variation of class rights1. On the other hand, where a private company only has one class of

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