CLAT PG Exam > CLAT PG Notes > Company Law > Articles of Association
Articles of Association | Company Law - CLAT PG PDF Download
| Table of contents |
|
| Understanding Articles of Association |
|
| Definition and Importance |
|
| Relationship with Memorandum of Association |
|
| Framing of Articles of Association |
|
| Signing of Articles of Association |
|
Understanding Articles of Association
The Articles of Association (AoA) are a crucial document for any company, outlining the rules and regulations for its internal management and governance. Let's break down the key aspects of AoA as defined in the Companies Act, 2013.
Definition and Importance
- The AoA, as per the Companies Act, 2013, refers to the articles of association of a company, which can be originally framed or altered over time.
- It serves as a rule book for the company's internal management, detailing the conduct of business and the powers of various officers.
- The AoA is considered a contract between the company and its members, governing their rights and obligations.
Question for Articles of AssociationTry yourself: What is the purpose of Articles of Association for a company?View Solution
Relationship with Memorandum of Association
- The AoA is subordinate to the Memorandum of Association (MoA), which is the fundamental constitutional document of the company.
- If there is a conflict between the MoA and the AoA, the provisions in the MoA will prevail.
- Any articles that exceed the scope of the MoA are considered ultra vires and invalid.
Framing of Articles of Association
- The AoA must be framed in the prescribed form as per the Companies Act, 2013.
- The model form varies depending on the type of company, such as those limited by shares, guarantee, or unlimited companies.
Signing of Articles of Association
- The Companies (Incorporation) Rules, 2014 outline the signing process for the Memorandum and Articles.
- All subscribers must sign in the presence of a witness, providing their details.
- For illiterate subscribers, a thumb impression is used, and the content is read out to them.
- If a subscriber is a body corporate, a director authorized by a board resolution must sign.
- In the case of a Limited Liability Partnership (LLP), a partner authorized by all partners must sign.
The document Articles of Association | Company Law - CLAT PG is a part of the CLAT PG Course Company Law.
All you need of CLAT PG at this link: CLAT PG
|
51 docs
|
FAQs on Articles of Association - Company Law - CLAT PG
| 1. What are Articles of Association and why are they important for a company? |  |
Ans. Articles of Association are a set of rules and regulations that govern the internal management and administration of a company. They outline the powers, responsibilities, and procedures for the company’s directors and shareholders. The importance of Articles of Association lies in their role in providing a framework for how a company operates, ensuring compliance with legal requirements, and protecting the interests of shareholders and stakeholders.
| 2. How do Articles of Association relate to the Memorandum of Association? | |
Ans. The Memorandum of Association and the Articles of Association are two fundamental documents required for the incorporation of a company. While the Memorandum outlines the company's structure, objectives, and scope of activities, the Articles provide detailed rules for the internal management of the company. Essentially, the Memorandum sets the framework within which the Articles operate, and both documents must align with each other.
| 3. What is the process for framing Articles of Association for a new company? | |
Ans. The process for framing Articles of Association typically involves drafting the document to reflect the specific needs and governance structure of the new company. This can be done by the promoters or legal advisors who ensure that the Articles comply with the Companies Act and any other legal requirements. Once drafted, the Articles must be approved by the shareholders and filed with the Registrar of Companies during the incorporation process.
| 4. Who is responsible for signing the Articles of Association when a company is formed? | |
Ans. The Articles of Association must be signed by the initial subscribers to the Memorandum of Association, who are usually the founding members or shareholders of the company. Their signatures indicate their agreement to the rules laid out in the Articles, and this document must be submitted to the Registrar of Companies as part of the incorporation process.
| 5. Can a company modify its Articles of Association after incorporation, and if so, how? | |
Ans. Yes, a company can modify its Articles of Association after incorporation. This typically requires passing a special resolution at a general meeting of the shareholders. Once the resolution is passed, the amended Articles must be filed with the Registrar of Companies to ensure that the changes are officially recognized. However, any changes must comply with the Companies Act and should not violate the rights of existing shareholders.
Related Exams
About this Document
|
Nov 23, 2024 Last updated |
Document Description: Articles of Association for CLAT PG 2024 is part of Company Law preparation.
The notes and questions for Articles of Association have been prepared according to the CLAT PG exam syllabus. Information about Articles of Association covers topics
like Understanding Articles of Association, Definition and Importance, Relationship with Memorandum of Association, Framing of Articles of Association, Signing of Articles of Association and Articles of Association Example, for CLAT PG 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Articles of Association.
Introduction of Articles of Association in English is available as part of our Company Law
for CLAT PG & Articles of Association in Hindi for Company Law course.
Download more important topics related with notes, lectures and mock test series for CLAT PG
Exam by signing up for free. CLAT PG: Articles of Association | Company Law - CLAT PG
Description
Full syllabus notes, lecture & questions for Articles of Association | Company Law - CLAT PG - CLAT PG | Plus excerises question with solution to help you revise complete syllabus for Company Law | Best notes, free PDF download
Information about Articles of Association
In this doc you can find the meaning of Articles of Association defined & explained in the simplest way possible. Besides explaining types of
Articles of Association theory, EduRev gives you an ample number of questions to practice Articles of Association tests, examples and also practice CLAT PG
tests
|
Explore Courses for CLAT PG exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
practice quizzes
,Semester Notes
,mock tests for examination
,Objective type Questions
,Articles of Association | Company Law - CLAT PG
,study material
,Exam
,Articles of Association | Company Law - CLAT PG
,Free
,video lectures
,Viva Questions
,Summary
,Previous Year Questions with Solutions
,Extra Questions
,Sample Paper
,Important questions
,ppt
,Articles of Association | Company Law - CLAT PG
,past year papers
,shortcuts and tricks
,MCQs
;
Additional Information about Articles of Association for CLAT PG Preparation
Articles of Association Free PDF Download
The Articles of Association is an invaluable resource that delves deep into the core of the CLAT PG exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Articles of Association now and kickstart your journey towards success in the CLAT PG exam.
Importance of Articles of Association
The importance of Articles of Association cannot be overstated, especially for CLAT PG aspirants.
This document holds the key to success in the CLAT PG exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Articles of Association Notes
Articles of Association Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Articles of Association.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Articles of Association Notes on EduRev are your ultimate resource for success.
Articles of Association CLAT PG Questions
The "Articles of Association CLAT PG Questions" guide is a valuable resource for all aspiring students preparing for the
CLAT PG exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Articles of Association on the App
Students of CLAT PG can study Articles of Association alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Articles of Association,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Articles of Association is prepared as per the latest CLAT PG syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup