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ARTICLES OF ASSOCIATION IN COMPANY DRAFTING

ARTICLES OF ASSOCIATION IN COMPANY DRAFTING

Just like the MOA, the Articles of Association is also equally important. As the provisions of section 2 clause (2) defines an AOA means the by-laws and the statute of the company that administers the internal affairs and conduct of the company.

The companies which should have their own AOA are:

  • Private companies limited by shares
  • Companies limited by guarantee
  • Companies with unlimited liabilities of its members

Points to be taken care of while drafting an AOA

  • Companies who are required to have registered articles may or may not adopt all the regulations mentioned in table A of the first schedule of the act and those who fail to do the same the provisions of the table will be applicable to them.
  • The companies who fall under the category of the limited by guarantee or unlimited liability will adopt the regulations of the table C, D, E of the schedule 1.
  • Contents to be included in AOA are as follows:
  • Exclusion wholly or in part of Table A
  • Adoption of preliminary contracts
  • Definitions
  • Capital – Authorized / paid-up
  • Allotment of shares, calls on shares, lien on shares
  • Specific provisions pertaining to Preference shares, Debentures
  • Transfer and transmission of shares, nomination, forfeiture of shares
  • Share certificates, De-materialization
  • Conversion of shares into stocks
  • Voting rights and proxies
  • Meetings and rule regarding Committee
  • First Directors, Appointment of Managing Directors, Additional Directors, Secretaries and Managers
  • Delegation of Powers to directors, remuneration to directors
  • Meetings of Board, Committees of Board
  • General Meetings
  • Accounts, Audit, Borrowing powers, dividend and reserves
  • Indemnity
  • Winding up

Easydrafting will help in drafting of Articles of Association.

Easydrafting.in specializes in drafting of affidavits, Rent agreement, different contracts & agreements and has an expert team of professionals including Lawyers, Company Secretaries and drafting experts.

The main aim of easy drafting is to draft and provide the document without any hassle which we face in our day to day life while dealing with legal matter.

We at easy drafting make this process friendly and provide desired documents and advise to the end user effortlessly and at minimum cost.

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ARTICLES OF ASSOCIATION IN COMPANY DRAFTING
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ARTICLES OF ASSOCIATION IN COMPANY DRAFTING
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EasyDrafting.in Fastest growing platform for Affidavit, Drafting, Attestation, Marriage Regiration & Legal Notice Laweyrs in Noida, Delhi & Gurgaon.
Just like the MOA, the Articles of Association is also equally important. As the provisions of section 2 clause (2) define an AOA means...
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