Articles of Association in Company Law
Articles of Association (AOA) As per Section 2(5) of the Companies Act, 2013 articles means the Articles of Association in Company Law (AOA in company law ) of a company originally framed or altered or applied in pursuance of any previous company law or of this Act. Articles of Association (AOA) objectives Articles of Association contains the rules and regulations as well as bye-laws for the internal management of the company. The company's AOA must include the rules for managing the business. Additionally, the AOA must include any mandated topics. It won't stop a corporation from putting any additional information in its AOA that would be deemed crucial for its management. Content of Articles of Association (AOA) In company law, the articles of association typically cover the following areas: 1. Company Purpose : The articles define the company's objectives, activities, and the scope of its business operations. 2. Shareholders' Rights : The articles outl...