ARTICLE OF ASSOCIATION OF A COMPANY

(a) where the company has no share capital or the nominal share capital does not exceed Rs. 2,500; (b) where the nominal share capital exceeds Rs. 2,500 but does not exceed Bs. 5,000; (c) where the nominal share capital exceeds Rs. 5,000 but does not exceed Rs. 1,00,000; (d) where the nominal share capital exceeds Rs. 1,00,000. Exemptions- Articles of any Association not formed for profit and registered under section 25 of the Companies Act, 1956. See also Memorandum of Association of a Company (No. 39).