1.

Explain the following concept:Articles of Association

Answer»
  • Articles of Association is a secondary document. 
  • It contains rules and regulations that govern the internal management of the company. 
  • Articles of Association is also known as Bye-laws of a company. 
  • It defines the powers, duties, and rights of managers officers, and board of directors. 
  • It establishes a relationship between the company and its members.
  • This document is subordinate to Memorandum.


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