Companies Act 2014 section 1007

Supplemental provisions in relation to constitution and continuance in force of existing memorandum and articles

Section 1007 deals with the articles of association of a public limited company (PLC), including what they may contain, how optional provisions of the Act apply by default, and how existing memorandums and articles from before the Companies Act 2014 continue in force.

• A PLC's articles may contain its own regulations, or may simply state that the provisions of the Companies Act 2014 are adopted — in either case, any optional provision of the Act applies unless the articles specifically exclude or modify it
• The Act distinguishes between mandatory provisions (which cannot be overridden) and optional provisions (which the company's constitution may disapply or alter)
• The memorandum and articles of a PLC registered under the prior Companies Acts continue in force, provided they do not conflict with any mandatory provision of the 2014 Act, and they may be amended in accordance with the Act
• Where a pre-existing PLC was governed by Table A regulations or other standard tables under the Companies Act 1963, those regulations continue to apply subject to the same conditions, and any references in them to the old Acts are read as references to the corresponding provisions of the 2014 Act