“The articles play a part that is subsidiary to the memorandum of association. (7) The Company’s shares are negotiable instruments and freely transferable. 622H) for public companies limited by shares. These set the rules company officers must follow when running their companies. 1.1. ARTICLES OF ASSOCIATION. This case emphasise on the point that articles of association can change the whole format of the company and can even create fictitious company as articles of association is the constitution of the Company. The articles prescribed in any legislation relating to companies do not apply as the articles of the Company. There are two important business documents of a company, namely, Memorandum of Association and Articles of Association. Article 4 This Law, the articles of association of the Company, and provisions of other legislations shall apply to the Company. To amend Article 8.1 of the Company's articles of association by deleting the current text of Article 8.1 and replacing it by the following: "8.1 The Company shall hold an annual general meeting each year in any place other than Switzerland, the Russian Federation or the British Virgin Islands, which shall be Articles of association (bolagsordning) are a document that states the core rules of a limited company. Articles of Association Definition: The Articles of Association or AOA are the legal document that along with the memorandum of association serves as the constitution of the company. 2. Companies or their officers should consult their professional advisors on any matters which may affect them relating to or arising out of the adoption of this Model Articles. Company’s register of shareholders. Judge modified the controversial art 7(1)(h) and further amended Article 7(1)(e). The memorandum of association, which includes a statement of compliance, must be delivered to Companies House together with an application for registration of the company and the new company’s articles of association. These Regulations, made under section 19 of the Companies Act 2006 (c.46), prescribe model forms of articles of association for—private companies limited by shares (regulation 2 and Schedule 1),private companies limited by guarantee (regulation 3 and Schedule 2), andpublic companies (regulation 4 … It is comprised of rules and regulations that govern the company’s internal affairs. The AOA specifies the internal regulations of the company. To do so, the company will need to adopt the articles by special resolution, requiring a vote of 75% of members, or written resolution requiring signed approval by each member. 1.2. These Articles constitute the articles of association of the Company. The founder or founders set up the articles of association when setting up the memorandum of association. The memorandum of association must be in a prescribed form and must be authenticated by each subscriber. All limited companies must have articles of association. Article 1 . Article 5 (1) The Company shall have a name and domicile within the territory of the Republic of Indonesia, as determined in the articles of association. of. (6) No shareholder shall be under an obligation to allow the shareholders’ shares to be redeemed whether in whole or in part.

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