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What is article of association and what are its content?

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What is article of association and what are its content?

Articles of Association generally prescribes the relation between shareholders and Board of Directors, relation among shareholders and Directors themselves. It usually contains regulation relating to Share capital and Variation rights, Lien, Calls on Shares, Transfer and Transmission of shares etc.

What is Articles of Association state its contents and explain as to how can it be altered?

Articles of association are like the partnership deed in a partnership. They particularly provide for matters such as the making of calls, forfeiture of shares, directors qualifications, the procedure for transfer and transmission of shares and debentures, powers, duties and appointment of auditors.

What are the contents of Articles of Association Class 11?

CONTENTS OF ARTICLES OF ASSOCIATION

  • DIRECTORS.
  • GENERAL MEETINGS.
  • ACCOUNTING AND AUDITING.
  • SHAREHOLDERS.
  • LIEN OF SHARES.
  • TRANSFER AND TRANSMISSION OF SHARES.
  • FORFEITURE AND SURRENDER OF SHARES.
  • CONVERSION OF SHARES IN STOCK.

What are the contents of MOA and AOA and what is the significance of these documents?

The Memorandum of Association (MOA) and Articles of Association (AOA) define a company’s scope of work, objectives, rules and internal management. The MOA and AOA are two essential documents that are the basis of the company’s constitution. They are indispensable, and the company’s foundation stands upon them.

Which of the following contents are included in articles of association?

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 do you means by article of association under company Act 1956 What are it’s contents?

According to Section 2(2) of the Companies Act, 1956 ‘articles’ means the articles of association of a company as originally framed or as altered from time to time in pursuance of any previous companies laws or of the present Act, i.e. the Act of 1956. The Articles regulate the internal management of the company.

What do you means by Article of association under company Act 1956 What are it’s contents?

What is the articles of association describe its contents how it differ from Memorandum of Association?

Memorandum of Association is a document that contains all the fundamental information which are required for the incorporation of the company. Articles of Association is a document containing all the rules and regulations that governs the company.

What are the contents of memorandum of association and articles of association?

Memorandum of Association is a document that contains all the fundamental information which are required for the incorporation of the company. Articles of Association is a document containing all the rules and regulations that governs the company. Powers and objects of the company.

What are the significance of memorandum of association?

The Memorandum of Association (MOA) defines the company’s relationship with its shareholders. It is the most important document of a company as it states the objectives of the company. It also contains the powers of the company within which it can act.

What is the content of memorandum of association?

A memorandum of association contains a name clause, registered office clause, object (or objective clause), objects clause, liability clause, capital clause, and association clause. An MOA is a type of legal paper that is prepared when forming and registering a limited liability company (LLC).

What are the content of memorandum of association and Article of Association?