Electricity Companies Act 1997
7Memorandum and articles of company
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7 Memorandum and articles of company
(1) The memorandum of association of a company on its incorporation is to include –
(a) the principal objectives of the company; and
(b) any other objectives of the company approved by the Minister; and
(c) a provision to the effect of the provision set out in Part 1 of Schedule 1 .
(2) The articles of a company on its incorporation are to include provisions to the effect of those set out in Part 2 of Schedule 1 .
(2A) [Section 7 Subsection (2A) inserted by No. 18 of 2025, s. 6, Applied:01 Jan 2026] As soon as practicable after the commencement of this subsection, a company is to amend its articles of association to include provisions to the effect of clause 2A, 2B and 2C of Part 2 of Schedule 1 .
(3) Other provisions of the memorandum and articles of association of a company on its incorporation are to be consistent with this Act.