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How to load company article

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Hi there, Nicholas Campion here from 1st Formations, and welcome to another episode of Whiteboard Thursday, where we provide advice on a wide range of business and company matters. If you find this video useful and you enjoy it, please give us a like and share it with your friends and colleagues. But for now, lets get started. Today, I am going to discuss the articles of association, and specifically whether you need them and what their purpose is. Ill also cover what are known as the Model articles, as well as touching on the memorandum of association. So, first things first, does a company need articles of association? Very simply, the answer is yes, all limited companies registered in the UK must have articles of association. This is the main constitutional document of your company, which is first adopted during the incorporation process, and it defines the rules and regulations that the company and its officers are legally required to follow at all times. You can choo

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What is a model article in a company?

All limited companies must have articles of association. These set the rules company officers must follow when running their companies. Model articles of association are the standard default articles a company can use. They are prescribed by the Companies Act 2006.

Where can I find company articles?

A companys 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.

What is included in the model articles of association?

The Model articles of association is a legal document containing the standard default provisions that regulate how a company is run. As part of a limited companys constitution, articles specify the internal rules and regulations that must be followed by a companys members and directors.

What is Model Article 15 for private companies?

15. The directors must ensure that the company keeps a record, in writing, for at least 10 years from the date of the decision recorded, of every unanimous or majority decision taken by the directors.

How do you reference a model article?

To cite a Model Article, use the template below: Title | year, | SI year/ | number, | pinpoint. The pinpoint is the part of the reference which says exactly where in the Statutory Instrument you are citing from.

What is the meaning of model articles?

The answer to this question is essential for new business owners to understand. Model articles of association, also known as articles, is a document that describes the standard provisions that regulate how directors and shareholders run the company.

What is Article 9 articles of association?

No share shall entitle the holder thereof to any payment in respect of paid-up capital (if any), dividend, bonus, profit, or otherwise. 8.1.

What is Article 14 of Model articles?

Model article 14 concerns a directors interest in a proposed transaction or arrangement with the company and provides that each director must declare the nature and extent of any such interest to the other directors.

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