What is in an article of association?
While the content of the articles of association and the exact terms used vary from jurisdiction to jurisdiction, the document is quite similar throughout the world and generally contains provisions on the company name, the company's purpose, the share capital, the company's organization, and provisions regarding …
What is an article of association Kenya?
Article of Association Articles of association contains the rules and regulation based on the Company Act that will be governing the operations of the company.
What are four main elements of the articles of association?
Components of the Articles of Association
- Provisions on the company name.
- Purpose of the company.
- Share capital.
- Organization of the company.
- Provisions on shareholder meetings.
What are the importance of articles of association?
Articles of Association is a document which prescribes the rules and bye-laws for the general management of the company and for the attainment of its object as given in the memorandum It is a document of paramount significance in the life of a company as it contains the regulations for the internal administration of …
What is articles of association in India?
An Article of Association ( AoA ) lays down the rules and regulations for the internal management of the company. … The Article of Association contains the rules regarding the share capital, transfer of shares, voting rights of the shareholders, the appointment of directors, accounts, an audit of the company etc.
What is Article of Association Class 11?
Meaning: The Articles of Association is a secondary, subsidiary, and subordinate document which contains the by-laws, rules and regulations for the internal management of a company. It lays down the rules for carrying out the objects of the company.
How do you write an article of association?
Primary Contents Of An Articles Of Association
- Share Capital. The total capital of the company needs to be clearly shown in the Share Capital clause. …
- Type Of Company. …
- Agreement. …
- Shares. …
- Transfer and Transmission of Shares.