What are the contents of the articles of association of a company?
Generally, the AoA includes a company’s legal name, address, purpose, equity capital, organization of the company, financial provisions, and provisions regarding the shareholder meetings.
What are the important provisions of AoA?
The AoA contains the rules and regulations by which a company is regulated; it contains clauses related to amalgamation of the company, winding up of the company, nature of business, issue and allotment of shares, issue and allotment of debentures, it also clarifies the statute to be used in bonds distribution, rights …
What is a company articles of association?
In corporate governance, a company’s articles of association (AoA, called articles of incorporation in some jurisdictions) is a document which, along with the memorandum of association (in cases where the memorandum exists) form the company’s constitution, and defines the responsibilities of the directors, the kind of …
What are the main clauses of Articles of Association?
Memorandum of Association (MOA) includes six different clauses as mentioned below:
- Name Clause.
- Domicile Clause.
- Objects Clause.
- Liability Clause.
- Capital Clause.
- Subscription Clause.
Which table is applied in the absence of articles of association?
Public companies may not have their articles but may adopt Model articles given in Table A of Schedule I of Companies Act, 1956. If a public company has only some articles of its own, for the rest, articles of Table A will be applicable.
How can I use articles with examples?
Articles are words that define a noun as specific or unspecific. Consider the following examples: After the long day, the cup of tea tasted particularly good. By using the article the, we’ve shown that it was one specific day that was long and one specific cup of tea that tasted good.