Articles of Association serve as the "constitution" of a company, outlining operational rules, such as share transfers, director responsibilities, and the issuance of new shares. This document is filed with Companies House, making it part of the public record.
What is the purpose of the Articles of Association?
The Articles of Association set foundational rules for managing the company, ensuring clear guidelines on governance, decision-making, and shareholder rights.
What topics are typically covered in the Articles of Association?
Common topics include rules for share transfers, director roles and responsibilities, meeting procedures, and the issuance of new shares.
How do Articles of Association differ from a Shareholders Agreement?
While the Articles of Association cover fundamental operational rules and are publicly accessible, a Shareholders Agreement is a private contract among shareholders defining additional terms of their relationship.
Can the Articles of Association be changed?
Yes, changes require shareholder approval and must be filed with Companies House to become legally effective.
Are Articles of Association required by law?
Yes, every registered company is required to have Articles of Association as a legal framework for its operations.
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