The Articles of Association are the company’s registered constitution. They set how the company is run, what each class of share can do and who can act for the company. A generic template often misses the provisions that shareholders later argue about, such as who can block a decision, how shares may be sold and what happens when directors disagree. We draft Articles around your actual commercial agreement.
- Share rights: share classes, voting and dividend rights, pre-emption and restrictions on transfer.
- Management: the number and powers of directors, quorum and voting, matters that need shareholder approval, and who may sign for the company.
- Meetings: notice periods, quorum, proxies and the way resolutions are passed, so meetings are valid and decisions cannot be challenged on procedure.
- Alignment: key terms agreed between shareholders should also appear in the Articles, so they bind the company and not only the individuals.
- Amendment: a change needs a shareholders’ resolution and registration with the Department of Business Development. We prepare the resolution, the amended Articles and the filing.