Articles of Association

Article of Association

Does your company have a set of rules and regulations to manage its internal affairs?

If yes, then there are two important business documents you, namely, Memorandum of Association (MOA) and Articles of Association (AOA). The AOA specifies the internal regulations of the company. SL Legal specializes in drafting the Articles of Association (AOA) for startups.

What are the Articles of Association?

It is a document comprised of rules and regulations that govern the company’s internal affairs and operations and defines the company’s purpose. The AOA lays out the by-laws of the company and how tasks are to be accomplished within the organization, including the process for appointing directors and the handling of financial records.

What is the importance of the Articles of Association?

Drafting of Article of Association is like the foundation stone of the company. it’s quite crucial to make the roles of every member of the company pretty clear in order to run a business accurately and with high efficiency. it is always advisable to draft a well-approved AoA as it is really beneficial for the company as well as employees connected to the company; directly or indirectly.

What are the must include provisions in Article of Association?

  • Company Name
  • Purpose of the Company
  • Share Capital
  • Organization of the Company
  • Shareholder Meetings