Articles of Association: Meaning & Sample - SBB

What is Article of Association?

Articles of Association (AOA) are documents drafted along with the memorandum of association that is basically the constitution of the company. Articles of the association present the rules and regulation in running a company and its internal affairs.

• AOA defines the relationship between a company and its members

• By-laws for management of the company, accounts and Audits

• Company regulations

• Inclusions of matters necessary for a company

• Model articles

• Protection of the company

• Share capital, warranty, surrender and transfer

• Directors their qualification, appointment, powers, remuneration, and proceedings of the board.

• Voting rights of shareholders

• Accounts & audits, dividends and reserve