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of <h1>Company Registration: Existing Laws Become Conditions; Section 242 Limits Alterations to Foundational Provisions; Share Capital Rules Apply.</h1> When a company registers under this Part, existing laws and instruments governing the company become its conditions and regulations as if included in its memorandum and articles. The Act's provisions apply to the company and its stakeholders, with exceptions for share numbering and adoption of Table F. In winding up, contributories are liable for pre-registration debts. Provisions for converting unlimited to limited companies and share capital regulations apply. The company cannot alter certain foundational provisions unless permitted by the Act. Existing powers to alter its constitution remain unaffected, except as specified in section 242. The term 'instrument' includes various legal agreements.
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