It says how major decisions are to be made, what officers the company shall have and how they are elected. This is more complicated, and of greater variety than the Memorandum of Association, but is usually of greater interest to the members. Much information about the affairs of a company must be made available. Some is available from Companies House, and some from the Company's registered office. Some information is open to everybody, and some to members only.
Company law is presently under review.
It is not at all clear now what this review will lead to. This note relates to English law only. Law changes constantly, and a short note cannot reflect the complexity of real life. Do not rely upon this note alone, but ask about your situation. The Law Society regulates our Investment Business.