Regulations required in case of unlimited company, company limited by guarantee or private company limited by shares :
Section – 27. (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 ; 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)