The articles of association is a document which contains rules, regulations and by laws regarding the internal management of a company. Articles must not violate any provision of the memorandum or any provision of the companies act.
Requirements of articles:
01.Form of articles
02.Contents
03.Signature & attestation of articles
Contents of Articles of Association
01.Full name of the company
02.Daily function and rules of management
03.Name address and others description of director& managing director
04.Responsibility ,duties power of director & MD
05.Numbers of directors
06.Appointment rules of manager & secretary
07.Remuneration of director
08.Number & qualifying share of director
09.Total amount of authorized capital & classification of share
10.Per value & payment system of share
11.Term & condition of share forfeiture
12.Commission of share underwriter
13.Voting system of meeting
14.Dividend procedure
15.Alteration of share capital procedures
16.Transfer & transmission of share
