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of <h1>Companies Act 1956: Registered Companies Bound by Existing Laws as Memorandum, Need Government Approval for Major Changes</h1> When a company registers under this part of the Companies Act, 1956, all existing provisions in any Indian law or instrument governing the company become its conditions and regulations as if included in its memorandum and articles. The Act's provisions apply as if the company was formed under it, with certain exceptions, such as the non-application of Table A unless adopted by resolution. The company cannot alter any legal provisions regarding its constitution or objects without government sanction. In winding-up scenarios, liabilities extend to all contributories. The Act's provisions on share capital apply regardless of existing laws.
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