articles of association

1. Objectives.
To learn
i. The Article of
Association
Requirements:
1. Must be Dated
2. Must be Printed
3. Must be Divided into Paragraphs
4. Must be Serially Number
5. Must be Signed by Each Subscriber
 Subject Matter of AOA:
1. The Business of Company
2. The Amount of Capital Issued
3. Division of Capital
4. The Right of Share Holder
5. The Adoption of Preliminary
Agreement
6. The Allotment of Share by
Director
7. Transfer of Share
8. Procedure of Alteration
9. Company lien on Shares
10. Borrowing
12. Meetings, Voting, Quorum,
Proxy etc .
13. Number of Director
14. Appointment and Power of
Director
15. Pay and Term of Office of the
Director
16. Dividends and Reserve Funds
17. Account and Audit
18. Keeping of Registers
19. Notices
20. Winding Up etc……..
Point of differences between
MOA and AOA
On The Basis Of Purpose
On The Basis Of Status
On The Basis Of Nature
On The Basis Of Scope
On The Basis Of Relation
On The Basis Of Ratification
 Meaning :
By Laws, Rules Regulation
Definition:
The Rules made by the Company
for the Internal Management of its
Affairs and for Carrying out the
Object of the Company
2. A Documents which Define the
Duties, Rights, Powers and
Authority of Shareholder and
Managing Authorities.
 Status :
- Subordinate to MOA
- Subordinate to Ordinance
- In Case of Private Company 01
- In Case of public Company 03
Must not contain illegal Provision
Must not Against Company
Ordinance
Must not Inconsistent with MOA
Status of Table “A”
Registration of AOA is Optional
-- Ltd by shares
 Effect
 Registration of AOA is
Compulsory
Ltd by Guarantee-
Unlimited Companies
AOA should not be made
Unalterable
Subject: Company Law
Standard: LL.B second year
Topic: Article of Association
MUNIR HUSSAIN KTK
Lecturer
UNIVERSITY LAW COLLEGE
QUETTA
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5th
Lecture