Characteristics or Characteristics of the Articles of Association
(Characteristics of Features of Articles of Association) On analyzing the definitions of the Articles of Association, the following salient features appear
1. The Councilor’s Article is subject to both the Companies Act and the Councilor’s Memorandum of Understanding. 2. This is the second important document of the company which has to be submitted to the Registrar’s office at the time of amalgamation of the company.
3. It consists of rules, regulations and bye-laws to achieve the objectives mentioned in the Councilor Memorandum and to run the internal management system of the company. 4. Like the Councilor’s Memorandum, the Councilor’s Article is also considered a public document of the company, which is always available for the inspection and study of the public.
lives. 5. It defines the mutual relations, rights, duties and responsibilities of the members of the company and the board of directors.
6. It is a convertible document which can be changed multiple times within the limits of the Councilor’s Memorandum. 7. It is printed, signed and divided into paragraphs.
8. It is not mandatory for a public company limited by shares to make an Articles of Councilors and file it with the Registrar. In the absence of this, it would be included in the First Schedule of the Companies Act.
The table may accept ‘F’ as the Articles. 9. A company limited by every guarantee, a company with unlimited liability and a private company
It is mandatory for the Councilor to prepare the Articles of Association and file it with the Registrar. 10. Explains the rights, duties and responsibilities of the officers of the company.