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Article of Assosciation

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					Articles of Association
                Section 20
• They are regulations or bye laws which
  governs internal management and conduct of
  the affairs of company.
• They identify the modeof and form in which
  business of company can be carried
• Subordinate to MoA
• Establishes relation between company and its
  members between members and members.
                       Contents
•   Procedure of calling AoA
•   Procedure of conducting GM
•   Number of directors and tenure
•   Qualifiaction of shares
•   Provisions of sell transfer, mortgage and pledge of
    shares.
•   Power and duties of BoD
•   Procedure of meeting calling
•   Reduction or increment of share capital
•   Merger
•   Remuneration allwances any other matters.
   Importance of MOA and AOA
• Members bound with company
• Company bound to members
• Member bound to member

				
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