The Articles of Association typically cover a range of topics, including:
Company’s Name: The official name of the company as registered with the authorities.
Registered Office: The physical address where the company is located and where official communications will be sent.
Objects Clause: This section defines the primary objectives and purposes for which the company is established.
Share Capital: Details regarding the authorized share capital of the company, including the types of shares and their rights.
Shareholders’ Rights and Obligations: The rights and responsibilities of shareholders, including voting rights, dividend entitlements, and procedures for transferring shares.
Directors’ Powers and Duties: The powers, responsibilities, and limitations of the company’s directors in managing the affairs of the company.
Meetings and Proceedings: Procedures for calling and conducting shareholder meetings, board meetings, and other company gatherings.
Dividends and Reserves: Rules governing the distribution of profits, the declaration of dividends, and the creation of reserves.
Amendment of Articles: Procedures for making changes to the Articles of Association, including requirements for shareholder approval and filing with regulatory authorities.
The Articles of Association serve as a legal framework for the company’s internal governance and provide clarity on the rights and responsibilities of its stakeholders. They are an essential document in company formation and are often tailored to the specific needs and requirements of the company and its shareholders.