Explain the contents of Articles of Association?

1.	Explain the contents of Articles of Association?
Answer» Contents of Articles of Association (AOA): 1. Amount of shares, capital, value and type of shares. 2. Rights of each class of shareholders regarding voting, dividend, return of capital 3. Rules regarding issue of shares and debentures 4. Procedures as well as regulations in respect of making calls on shares 5. Manner of transfer of shares 6. Declaration of dividends 7. Borrowing powers of the company 8. Rules regarding the appointment, remuneration, removal of directors 9. Procedure for conducting proxy, quorum, meetings, etc. 10. Procedures concerning keeping of books and audits 11. Seal of the company 12. Procedures regarding the winding up of the company.

Answer»

Contents of Articles of Association (AOA):

1. Amount of shares, capital, value and type of shares.

2. Rights of each class of shareholders regarding voting, dividend, return of capital

3. Rules regarding issue of shares and debentures

4. Procedures as well as regulations in respect of making calls on shares

5. Manner of transfer of shares

6. Declaration of dividends

7. Borrowing powers of the company

8. Rules regarding the appointment, remuneration, removal of directors

9. Procedure for conducting proxy, quorum, meetings, etc.

10. Procedures concerning keeping of books and audits

11. Seal of the company

12. Procedures regarding the winding up of the company.

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