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Model Articles for Public Companies

Standard set of rules prescribed by the UK Companies Act 2006 that outline the governance structure, operational procedures, and responsibilities of directors and shareholders for publicly traded companies, serving as a default framework unless modified by the company.

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Model Articles for Public Companies: Standard Governance Framework

The Model Articles for Public Companies provide a legally compliant set of rules for running a UK public limited company. These default articles, set out under the Companies Act 2006, define the company’s internal structure, director responsibilities, shareholder rights, and how key decisions are made.

Directors’ Powers and Responsibilities

Set out how directors are appointed, how they make decisions collectively or in writing, and how authority can be delegated through committees.

Shareholder Rights and Meetings

Define how shareholders can call meetings, vote, appoint proxies, and resolve disputes—ensuring transparency and participation in company decisions.

Shares and Distributions

Cover how shares can be issued, transferred, and forfeited, as well as procedures for paying dividends and handling unclaimed or non-cash distributions.

Capital and Liens

Include rules around unpaid shares, calls for payment, forfeiture procedures, and how the company can enforce its rights over unpaid amounts.

Communication and Record-Keeping

Provide guidance on how official communications must be made, how documents can be destroyed, and what records members are entitled to inspect.

Liability and Indemnity

Confirm that member liability is limited to unpaid share capital, and allow for director indemnity and insurance within legal limits.

When you create this document in Bind, you can eSign it instantly and request signatures from others involved. This ensures your company’s structure is compliant from day one and ready for public operations.

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