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How to Protect Articles Of Association

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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 was the purpose of the articles of association?

The Articles of Association proposed a boycott on goods produced in Britain and its colonies, and also provided for the correct conduct of colonists during the boycott.

What are the rules of articles of association?

An Article of Association (AoA) sets down the important rules and regulations for the internal management of the company where it specifies the roles, rights, duties, powers and management of the company. Memorandum of association specifies the objectives of the company and AOA helps to achieve those objectives.

Which resolution is required to alter the articles of association?

A special resolution, with a 75% majority, has to be passed by the Board to give effect to any alteration of the articles.

How do I change the articles of association on Companies House?

Change Memorandum and Articles of Association To make the necessary modifications you will need to hold a meeting of the directors and pass a Special Resolution. The signed resolution should be returned to Companies House along with replacement or amended copies of the Articles where necessary.

Who can enforce the articles of association?

If the articles do constitute a contract between the members themselves, the rights arising out of such contract can ordinarily only be enforced through the company. However, a member may enforce directly a personal right conferred by the articles.

Who can change articles of association?

Constitution and articles of association Youll need agreement from your shareholders before changing your companys articles of association - the rules about how your company is run. This can include changes to your companys objects - what your company does as a business.

What is the concept of articles of association?

Articles of association form a document that specifies the regulations for a companys operations and defines the companys purpose. The document lays out how tasks are to be accomplished within the organization, including the process for appointing directors and the handling of financial records.

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