2. Articles of Association -Definition
[Sec. 2(5) of the Companies Act, 2013- ‘Articles’ means the articles of association of a
company as originally framed or as altered from time to time or applied in pursuance of any
previous companies law or of this Act.
Meaning of Articles
• Articles are the rules and regulations framed by a company for its own governance.
• Just as the memorandum contains the fundamental conditions upon which the company is
allowed to be incorporated, so also the articles are the internal regulations of the company.
3. Mandatory Document
Subordinate to Memorandum
Altered by Special Resolution
Contains Rules & Regulations
Registration is Compulsory
Features of Articles of
Association
4. Table F: Articles of a company limited by shares
Table G: Articles of a company limited by guarantee and having a share capital
Table H: Articles of a company limited by guarantee and having no share capital
Table I: Articles of an unlimited company having a share capital
Table J: Articles of an unlimited company having no share capital
Form of Articles
Schedule-1
5. The articles shall contain the Regulations for the management of the
company.
The articles shall contain such matters as may be prescribed .
A company may include any additional matter in its articles which is
considered necessary for the management of the company.
Contents of the
Articles
6. Articles shall be altered subject to the provisions of theAct and the
conditionscontainedin the Memorandumof the company.
The company may alter its Articles by passing a special
resolution.
Approval of the Tribunal
Documents to be filed with the Registrar within 15 days
Validity of alteration
Alteration of
Articles (Sec.14)
“Tribunal” means the
National Company Law
Tribunal . It would serve
single window settlement
of case relating to
companies thereby
reducing the time for
completion of
proceedings.
