TASIn ForceAct
Electricity Companies Act 1997
7Memorandum and articles of company
Start here
Get a plain-English read of 7
Turn the raw legal text into a practical explanation grounded in Electricity Companies Act 1997.
### 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](#JS1@HS1@EN) of [Schedule 1](#JS1@EN) .
>
> > (2) The articles of a company on its incorporation are to include provisions to the effect of those set out in [Part 2](#JS1@HS2@EN) of [Schedule 1](#JS1@EN) .
>
> > (2A) [*\[Section 7 Subsection (2A) inserted by No. 18 of 2025, s. 6, Applied:01 Jan 2026\]*](/view/html/inforce/2026-01-01/act-2025-018#GS6@EN) 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](#JS1@HS2@EN) of [Schedule 1](#JS1@EN) .
>
> > (3) Other provisions of the memorandum and articles of association of a company on its incorporation are to be consistent with this Act.