s 567 Exclusion of requirements by private companies
(1) All or any of the requirements of— (a) section 561 (existing shareholders' right of pre-emption), or (b) section 562 (communication of pre-emption offers to shareholders) may be excluded by provision contained in the articles of a private company. (2) They may be excluded— (a) generally in relation to the allotment by the company of equity securities, or (b) in relation to allotments of a particular description. (3) Any requirement or authorisation contained in the articles of a private company that is inconsistent with either of those sections is treated for the purposes of this section as a provision excluding that section. (4) A provision to which section 568 applies (exclusion of pre-emption right: corresponding right conferred by articles) is not to be treated as inconsistent with section 561.