Section 10 of Companies Act 2013-Effect of memorandum and articles
Section 10(1) of Companies Act 2013
Subject to the provisions of this Act, the memorandum and articles shall, when registered, bind the company and the members thereof to the same extent as if they respectively had been signed by the company and by each member, and contained covenants on its and his part to observe all the provisions of the memorandum and of the articles.
Section 10(2) of Companies Act 2013
All monies payable by any member to the company under the memorandum or articles shall be a debt due from him to the company.
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