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Articles of Association after Incorporation of Limited Company
By :
Rudra Rath Warning: Invalid argument supplied for foreach() in /home/vibe22/public_html/article-4-you/articledetail.php on line 80
It is essential for every limited company to register Articles of association. This is a lengthy document represent the rules and regulations to govern the internal affairs of the limited liability company after incorporation. The articles of association deals with the allotment of shares and capitals, power of directors, appointment of directors, Dividend payment procedure, Allotment of shares and capital and meeting procedures etc.
“Table A” is referred as the Articles for companies limited by shares. In the United Kingdom “Table A” is recognized as the articles of association. Adopting “Table A” without modification is required to appoint at least two directors. If your limited liability company has only one director, you need to adopt a bespoke version of “Table A“. By a special resolution the unmodified Table A can be changed at a later date after the formation of a limited liability company.
A special resolution is required to pass to change the articles of association and then the copy of that resolution must be registered with the company registrar. In addition to this all future articles of association copies should include the modification. Every UK Company limited by shares must have articles of association in forms of Table A
Table C, D and E are also regarded as articles of association appropriate for a company limited by Guarantee with shares as well as without share and an unlimited company.
Author Resource:-
Rudrdatta Rath is an online marketing leader in Orisysinfotech.co.uk, writing articles for Lincroft.co.uk which is a leading online company formation and registration agent based in UK provides company formation, company registration and accounting services.
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