What type of information is contained in articles of association?
While the content of the articles of association and the exact terms used vary from jurisdiction to jurisdiction, the document is quite similar throughout the world and generally contains provisions on the company name, the company’s purpose, the share capital, the company’s organization, and provisions regarding …
How do I find the articles of association of a company?
A company’s articles will be displayed on public record. They can be changed at any time after incorporation at a general meeting of the members. Companies must also keep a copy of their articles at their registered office or SAIL address.
Are articles of association confidential?
Confidentiality/public disclosure – generally, the contents of a shareholders’ agreement are a private matter between the contracting parties, whereas the articles of association are open to public inspection at the companies registry.
What type of information is contained in articles of association at the time of registration 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.
Can articles of association be altered?
Company can alter its Article by way of addition, deletion, modification, substitution, or in any other way, only if it wants. To alter the Article of association of Company By giving Notice of at least 7 days. At the Board meeting, the given resolutions in respect of alteration in AOA must be passed.
Can I change articles of association?
As per section 283 of the Companies Act 2006, you can amend a company’s articles of association by passing a special resolution of the members, provided there is a legitimate reason for making such changes.
Can directors change the articles of association?
What are the restrictions on alteration of articles of association?
Limitations on Alteration of Articles
- Not inconsistent with provisions of any act.
- Not illegal or against public policy.
- Not inconsistent with the order of a government or a court.
- Must be bonafide.
- Must not be fraudulent.
- Must not result in breach of contract.
- Must not increase liability of the members.