Articles Of Association And Memorandum Of Association Template for Hong Kong

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Key Requirements PROMPT example:

Articles Of Association And Memorandum Of Association

I need Articles of Association and Memorandum of Association for a Hong Kong tech startup that will have three share classes (including preference shares for investors), planning for Series A funding in March 2025, with provisions for electronic meetings and tag-along rights for minority shareholders.

Document background
The Articles of Association and Memorandum of Association are mandatory constitutional documents required when incorporating a company in Hong Kong. These documents are filed with the Companies Registry and establish the fundamental rules governing the company's operations and management. They define everything from share capital structure and voting rights to board powers and meeting procedures. The Articles of Association detail internal management rules, while the Memorandum traditionally contained basic company information (though under the current Companies Ordinance, most of its contents are now part of the Articles). These documents must comply with the Hong Kong Companies Ordinance (Cap. 622) and can be modified through special resolution as the company evolves, subject to regulatory requirements. They form the backbone of corporate governance and are essential reference documents throughout the company's lifecycle.
Suggested Sections

1. Company Name and Type: States the company name and whether it is limited by shares, limited by guarantee, or unlimited

2. Registered Office: Specifies the location of the registered office in Hong Kong

3. Objects: Details the business objectives and activities of the company (if company chooses to state them)

4. Liability: States that member liability is limited to unpaid share amounts or guarantee amount

5. Share Capital: Details the initial share capital and classes of shares

6. Share Rights and Restrictions: Defines the rights attached to different share classes and transfer restrictions

7. General Meetings: Rules for conducting shareholder meetings, notice periods, and voting procedures

8. Directors and Management: Powers, duties, appointment, and removal of directors; board meeting procedures

9. Secretary: Requirements and duties of the company secretary

10. Dividends and Reserves: Rules for dividend declaration and distribution

11. Accounts and Audit: Requirements for maintaining accounts and conducting audits

12. Notices: Procedures for giving notices to members

13. Winding Up: Procedures for company dissolution and asset distribution

Optional Sections

1. Pre-emption Rights: Used when shareholders want first right to purchase shares before they're offered to outsiders

2. Tag-Along Rights: Include for private companies where minority shareholders want protection in sale situations

3. Drag-Along Rights: Include when majority shareholders want power to force minorities to join in company sale

4. Share Transfer Restrictions: Detailed restrictions for private companies wanting to control share transfers

5. Class Meetings: Include when company has multiple share classes requiring separate class meetings

6. Electronic Communications: Include for companies wanting to use electronic means for notices and meetings

7. Alternate Directors: Include if company wants to allow directors to appoint alternates

8. Executive Officers: Include for larger companies needing detailed executive management structures

Suggested Schedules

1. Share Capital History: Details of initial subscribers and share allotments

2. Proxy Form: Standard form for appointing proxies at general meetings

3. Board Reserved Matters: List of decisions requiring board approval

4. Shareholder Reserved Matters: List of decisions requiring shareholder approval

5. Share Transfer Form: Standard form for transferring shares

6. Meeting Procedures: Detailed procedures for conducting various types of meetings

7. Company Seal Usage: Rules and procedures for using the company seal

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Financial Services

Technology

Manufacturing

Retail

Professional Services

Real Estate

Healthcare

Education

Logistics

Construction

Hospitality

Media and Entertainment

Energy

Mining

Agriculture

Telecommunications

Relevant Teams

Legal

Corporate Secretarial

Compliance

Corporate Governance

Board of Directors

Executive Management

Corporate Affairs

Regulatory Affairs

Administration

Relevant Roles

Company Secretary

Corporate Lawyer

Legal Counsel

Compliance Officer

Director

Board Member

Chief Executive Officer

Chief Legal Officer

Corporate Governance Officer

Company Director

Managing Director

Chief Financial Officer

Corporate Affairs Manager

Legal Administrator

Regulatory Compliance Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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