Articles Of Incorporation For LLC for India

Articles Of Incorporation For LLC Template for India

Articles of Incorporation for an LLC in India, also known as Articles of Association for a Private Limited Company, is a fundamental constitutional document required under the Companies Act, 2013. This document establishes the company's internal regulations, governance structure, and operational framework. It defines the relationships between shareholders, directors, and the company while setting out rules for corporate actions, share transfers, meetings, and other crucial aspects of company operations. The document must comply with Indian corporate law requirements and be filed with the Registrar of Companies as part of the incorporation process.

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What is a Articles Of Incorporation For LLC?

Articles of Incorporation for LLC serves as the constitution of a private limited company in India, required during the company formation process under the Companies Act, 2013. This document is essential when establishing a new business entity and must be prepared before company registration with the Registrar of Companies. It contains critical information about the company's internal management, share capital structure, rights and duties of members, board composition, and procedural requirements for corporate actions. The document is binding on the company and its members, and any modifications require special resolutions. Companies must ensure compliance with Indian regulatory requirements while drafting these articles, particularly regarding corporate governance, shareholder rights, and management structure.

What sections should be included in a Articles Of Incorporation For LLC?

1. Name and Registered Office: Specifies the company name, registered office address, and jurisdiction

2. Objects of the Company: Details the main objects and ancillary objects of the company's business activities

3. Liability of Members: States the limited liability nature of the members/shareholders

4. Share Capital: Specifies the authorized share capital and types of shares

5. Directors and Management: Outlines the appointment, removal, and powers of directors

6. Meetings: Rules for conducting board meetings and general meetings

7. Share Transfer and Transmission: Procedures for transfer and transmission of shares

8. Dividends and Reserves: Rules regarding declaration and payment of dividends

9. Accounts and Audit: Provisions for maintaining accounts and conducting audits

10. Seal: Rules regarding the company seal and its use

11. Winding Up: Procedures for company dissolution and winding up

What sections are optional to include in a Articles Of Incorporation For LLC?

1. Preferential Rights: Include when there are different classes of shares with special rights

2. Foreign Investment Provisions: Required when foreign investment is expected or company has foreign shareholders

3. Tag-Along and Drag-Along Rights: Include when shareholders want specific exit rights

4. Non-Compete and Non-Solicitation: Add when protecting business interests from shareholder competition is crucial

5. Intellectual Property Rights: Include when company has significant IP assets or specific IP arrangements

6. Committee Formation: Add when specific committees need to be established for governance

7. Employee Stock Options: Include when company plans to offer ESOP to employees

What schedules should be included in a Articles Of Incorporation For LLC?

1. Schedule I - Details of First Subscribers: List of initial shareholders with their shareholding details

2. Schedule II - First Directors: Details of first directors of the company

3. Schedule III - Share Capital Structure: Detailed breakdown of share classes and rights

4. Schedule IV - Initial Business Plan: Optional schedule containing initial business objectives and plans

5. Schedule V - Adoption of Pre-incorporation Contracts: List of contracts to be adopted by the company post incorporation

6. Appendix A - Forms of Shareholder Resolutions: Standard formats for common shareholder resolutions

7. Appendix B - Board Resolution Templates: Standard formats for common board resolutions

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
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Relevant Industries

Technology

Manufacturing

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Professional Services

Healthcare

Financial Services

Real Estate

Education

E-commerce

Consulting

Agriculture

Entertainment

Logistics

Hospitality

Construction

Energy

Relevant Teams

Legal

Compliance

Corporate Secretarial

Finance

Executive Leadership

Risk Management

Corporate Governance

Administrative

Business Development

Relevant Roles

CEO

Company Secretary

Legal Counsel

Corporate Lawyer

Compliance Officer

Chief Financial Officer

Managing Director

Board Director

Company Founder

Business Development Manager

Corporate Governance Officer

Risk Manager

General Counsel

Finance Director

Investment 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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