Book Consultation

Articles of Association starting

₹ 5999 Onwards Only *

What is an Article of Association ?

An Article of Association, also known as AoA is basically a subsidiary or additional part of the Memorandum of Understanding(MoU). An AoA lays down the rules and regulations for the internal management of the company, it shows the values or morals the company wants to abide by. An AoA clearly outlines the rights, powers, and obligations of the management of the company, and is important for one to clearly outline the AoA.

Why you need an Article of Association ?

Provides Clarity
The Article of Association brings about clarity in the relationship between the shareholders and the company and also even among the shareholders themselves. It ensures that all the parties of the company follow the set guidelines and maintain the values of the company.
Clearly Outlines Objectives
The Article of Associations contains the method of transfer of shares, voting rights of the shareholders, director appointment, accounts and share capital allotment, audit rules, and many other such rules that govern the way the company and its management, shareholders function.

Documents / Information we need

Names and References
Details of the parties to the Memorandum of Understanding
Scope of Services
Details about the scope of services that are to be included.
Reasons for AoA
The reasons for which the parties are executing the AoA
Roles and Responsibilities
Roles and Responsibilities of the parties to the MoU have to be provided.

Important Clauses

Share Capital
The method of allotment and division of share capital, transfer of shares, conversion of shares to stock, forfeiture/surrender of shares is all entailed within this clause.
Appointment of Directors
This clause will entail the method for appointment of directors, the qualifications required and remuneration offered, obligations, and powers of the director.
Audit
This part will talk about the method of maintenance of books of accounts of the company, the time period for an audit of the company, and the way in which it shall be conducted.
Meetings
This part will speak about how often meetings will be held and the method of such meetings being conducted, the way in which notice must be served for such meetings, along with the rules to be followed for such meetings.
Voting Rights
This part will talk about the voting rights of the shareholders and the method or way in which it will be conducted. It is important to ensure that all are equally divided.
Winding Up
This part will speak about the procedure in which the company will wind up if the need arises for it to and how it will be for all the shareholders in such a situation.

What's the process ?

1. Assessment
Our team will reach out to you to obtain the necessary information to assess the AoA, scope, and rationale, as well as any other relevant pieces of information
3. First Ready Draft
We will complete the first draft of the AoA and email it to you for approval within 48 hours. Following approval, any necessary adjustments will be made and submitted to you on the agreed next date.
2. Due Diligence and Drafting
Once we receive the information, we will begin drafting the agreement from scratch, including reasons for such AoA and some details and information required to draft the AoA.
4. Final Agreement
With a high-quality team of professionals, the entire process of creating the draft and delivering the final copy of the SHA will be accomplished in 72 working hours.
1. Assessment
Our team will reach out to you to obtain the necessary information to assess the AoA, scope, and rationale, as well as any other relevant pieces of information
2. Due Diligence and Drafting
Once we receive the information, we will begin drafting the agreement from scratch, including reasons for such AoA and some details and information required to draft the AoA.
3. First Ready Draft
We will complete the first draft of the AoA and email it to you for approval within 48 hours. Following approval, any necessary adjustments will be made and submitted to you on the agreed next date.
4. Final Agreement
With a high-quality team of professionals, the entire process of creating the draft and delivering the final copy of the SHA will be accomplished in 72 working hours.

Why choose us

PERSONALISED SERVICE

A dedicated Case Manager ensures quick turnout to all your queries and tailored solutions that fit perfectly for your requirements.

72 HOURS DELIVERY

All your drafting queries are addressed, understood, and delivered with quality under 72 Hours.

EXPERIENCED TEAM

Our team of dynamic professionals is well experienced and extremely proficient to cater to your needs, ensuring the best service.

24/7 HELPLINE

We are available to address and clarify all your queries round the clock. So you can worry less and focus more on the business.

Frequently Asked Questions

Every shareholder and every director of a company needs to act in accordance with a company’s articles of association.
A company can change its articles by passing a special resolution. This means that shareholders with at least 75% of the votes need to approve the change.
Section 31 of the Companies Act states that the Articles of Association can be altered at any time by a special resolution. A copy of the same must be filed with the Registrar of Companies. However, this power of alteration is subject to two restrictions: i.The alteration must be in accordance with the provisions of the Act ii. The alteration is subject to conditions stated in the MOA iii. Any alteration that converts a public company into a private company must be approved by the Central Government.
The Memorandum of Association (MOA) and the Articles of Association (AOA) are two important papers that are created when a business is formed. The Memorandum of Association and the Articles of Association of a corporation are both subsidiaries of the business. The Memorandum of Agreement (MOA) is the company’s most important legal instrument. Any articles that go beyond the Memorandum of Association are deemed ultra vires.

Subscribe to our newsletter

Don't miss new updates on your email

Banking Partners

Payment Partner

  • +91-9880292333 | +91-9880147333
  • admin@letsgetlegal.in
  • NO 10, HMT LAYOUT RT NAGAR, MAIN ROAD BANGALORE, KArnataka 560032 IN
Facebook Instagram Linkedin Twitter Youtube

QUICK LINKS

GET STARTED