10 Features of article of association

Articles of association are a document that specifies the regulations for a company’s operations and defines the company’s 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

Features of Articles of Association. It regulates

  • The internal relation of the company
  • The rights of shareholders
  • How meetings are convened
  • Appointments renewal of directors and other officers
  • Power and duties of directors
  • Process of liquidation of the company
  • Declaration and payment of dividend
  • Provision for audit and accounting services
  • Capitalization of profits
  • Alteration of a company‚Äôs capital and transfer as well as transmission of shares

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