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All companies have articles and all companies have a constitution. It is very important that they are understood by their directors, company secretary, shareholders and others. To take just one example, this can be critical for a shareholder who tries to sell his shares, but finds that (with the authority of the articles) the directors refuse to register the transfer because they do not approve of the proposed transferee. This Report provides a full and essential understanding. Although it is written in an easy-to-understand style it provides an in-depth appreciation of such things as all the model articles, the default provision, the resolutions that may be part of the constitution, exactly and in detail how changes to articles should be made, and it suggests changes that should be considered.