All sections · Part II: Company Incorporation · Sub-Part II: Incorporation of companies
20 Articles of association
This section has been amended. The text above is the 2016 wording; the amending provisions follow.
(1) A company‘s articles shall set out regulations for the company.
association
(2) The articles of a company shall be printed and signed by or on behalf of
each subscriber in the presence of at least one witness who shall attest the
signature and insert his own name and address.
(3) For the purposes of subsection (2) the sole subscriber who signs the articles
of a company may be its proposed registered agent, who shall not be
required to become a member of the company upon its incorporation.
association
(2) The articles of a company shall be printed and signed by or on behalf of
each subscriber in the presence of at least one witness who shall attest the
signature and insert his own name and address.
(3) For the purposes of subsection (2) the sole subscriber who signs the articles
of a company may be its proposed registered agent, who shall not be
required to become a member of the company upon its incorporation.
Amended since 2016
Act 32 of 2021 · 2021-08-02
6. Section 20 of the principal Act is amended, by inserting after
subsection (3), the following subsection —
“(4) Subject to subsection (3), each subscriber to the articles
shall become a member of the company.”.
subsection (3), the following subsection —
“(4) Subject to subsection (3), each subscriber to the articles
shall become a member of the company.”.
