Article Of Association Form for India

Article Of Association Form Template for India

Articles of Association is a fundamental constitutional document required under Indian company law that establishes the internal rules and regulations governing a company's operations. Regulated by the Companies Act, 2013, this document outlines the company's management structure, shareholder rights, board composition, and procedural requirements for corporate actions. It serves as a binding contract between the company and its shareholders, as well as among the shareholders themselves, establishing the framework for corporate governance and operational procedures in compliance with Indian legal requirements.

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What is a Article Of Association Form?

The Article of Association Form is a crucial incorporation document required for all companies registering under Indian law. This document must be filed with the Registrar of Companies during incorporation and serves as the company's internal constitution, defining its operational framework and governance structure. The Articles must comply with the Companies Act, 2013, and related regulations, detailing aspects such as share capital structure, voting rights, board procedures, and management powers. Companies can either adopt the model Articles provided in Table F of the Companies Act or create customized Articles suitable for their specific needs. Any subsequent modifications to the Articles require shareholder approval through a special resolution, making it a living document that evolves with the company's growth and changing requirements.

What sections should be included in a Article Of Association Form?

1. Name and Registered Office: States the company name and registered office address

2. Interpretation/Definitions: Defines key terms used throughout the Articles

3. Share Capital and Variation of Rights: Details the authorized share capital, types of shares, and rights attached

4. Lien and Calls on Shares: Provisions regarding company's lien on shares and process for making calls on partly paid shares

5. Transfer and Transmission of Shares: Procedures and restrictions for share transfer and transmission

6. General Meetings: Rules for conducting shareholders' meetings, notice periods, and voting procedures

7. Board of Directors: Composition of board, appointment, removal, and powers of directors

8. Powers and Duties of Directors: Scope of directors' authority and responsibilities

9. Proceedings of Board Meetings: Procedures for conducting board meetings

10. Chief Executive Officer, Manager, Company Secretary or Chief Financial Officer: Appointment and roles of key managerial personnel

11. Common Seal: Provisions regarding the company's common seal and its use

12. Dividends and Reserves: Rules for declaration and payment of dividends

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

14. Winding Up: Procedures for company dissolution

15. Indemnity and Insurance: Protection and insurance for directors and officers

What sections are optional to include in a Article Of Association Form?

1. Preference Shares: Required if company plans to issue preference shares, detailing their rights and terms

2. Share Warrants: Needed for public companies that may issue share warrants

3. Buyback of Shares: Include if company wants to retain right to buyback shares

4. Nomination Rights: Required for companies with strategic investors or family-owned businesses

5. Tag-Along and Drag-Along Rights: Important for companies with multiple shareholders or venture capital investment

6. First Right of Refusal: Useful for private companies to control share transfers

7. Class Rights: Necessary when different classes of shares with varying rights are issued

8. Employee Stock Options: Required if company plans to offer employee stock options

9. Foreign Investment Provisions: Needed if company has or plans to have foreign investors

What schedules should be included in a Article Of Association Form?

1. Schedule A - Share Transfer Form: Standard form for transfer of shares

2. Schedule B - Proxy Form: Format for appointing proxies for general meetings

3. Schedule C - Board Committee Charters: Terms of reference for various board committees

4. Schedule D - Reserved Matters: List of decisions requiring special approval

5. Schedule E - Initial Subscribers: Details of the initial shareholders and their shareholding

6. Schedule F - Share Certificate Format: Prescribed format for share certificates

7. Schedule G - Management Structure: Organizational structure and reporting relationships

8. Schedule H - Compliance Requirements: List of statutory compliance requirements

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

Jurisdiction

India

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Technology

Manufacturing

Financial Services

Healthcare

Retail

Real Estate

Education

Professional Services

Transportation

Energy

Telecommunications

Agriculture

Media and Entertainment

Construction

Hospitality

E-commerce

Relevant Teams

Legal

Corporate Secretarial

Compliance

Corporate Affairs

Board of Directors

Corporate Governance

Risk Management

Executive Management

Administrative

Regulatory Affairs

Relevant Roles

Company Secretary

Corporate Lawyer

Compliance Officer

Chief Legal Officer

Managing Director

Board Director

CEO

CFO

Legal Counsel

Corporate Governance Officer

Risk Manager

Company Director

Incorporation Specialist

Corporate Affairs Manager

Legal Administrator

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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