During June draft model articles of association for public companies were published by the DTI. These can be accessed at http://www.practicallaw.com/4-203-0705. This relates to the proposal in the Company Law Reform Bill for there to be three sets of model articles of association, one for public companies, one for private companies which are limited by shares and one being for private companies which are limited by guarantee.  Draft model articles for private companies limited by shares have already been published, in March 2006.

A consultation on the model articles for private companies will close on 30 August 2006 following which there will be a consultation on all three sets of draft articles.

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