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COMPANY LAW
TOTAL SLIDES 22
1/22
DOCUMENTS OF A COMPANY
 A Company has three important
documents:
Article of Association
Prospectus
Memorandum of
Association
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2/22
CONSTITUTION OF A COMPANY
 What is Constitution:
A body of fundamental principal established
precedent's according to which a state or other
organization is acknowledge to be governed.
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3/22
CONSTITUTION OF A COMPANY
 What is Company’s Constitution:
The constitutions is a legal documents which
spells out the rules and regulation in how the
company should be governed.
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4/22
ARTICLE OF ASSOCIATION
Definition Article of Association
The article of Association of a company framed
in accordance with the company law or the
companies Act. AOA are bye –laws or rule and
regulation that governs the management of its
internal affairs & the conduct of business.
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5/22
OBJECTIVES OF AOA
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6/22
CONTENTS OF AOA
Article of Association
The article of Association of a company act
is a rule book & guide the company about
the various day to day activities. So it is
important to understand AOA contents.
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7/22
CONTENTS OF AOA
 Following are the contents of AOA
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8/22
CONTENTS OF AOA
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9/22
CONTENTS OF AOA
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10/22
CONTENTS OF AOA
1. Director
 AOA mention Appointment of Directors.
 Name of first Directors
 No of Directors & Qualification
 Remuneration
 Powers & duties.
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11/22
CONTENTS OF AOA
2. General Meeting
 AOA mention basic framework for
meeting.
 Appointment for Chairperson.
 Voting right of shareholder.
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12/22
CONTENTS OF AOA
3. Share Capital
 AOA mention various aspect to manage
company share capital.
 Alteration of share capital.
 Calls on shares.
 Rights of shareholders.
 Issue of Equity, Preference shares etc.
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13/22
CONTENTS OF AOA
4. Lien of Shares
 AOA empower the company to retain the
shares of any member.
 If any member fail to pay the debt to the
company.
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14/22
CONTENTS OF AOA
5. Transfer & Transmission of Shares
 AOA provide procedure for transmission
or transfer of shares incase of death,
insolvency, marriage etc.
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15/22
CONTENTS OF AOA
6. Forfeiture & Surrender of Shares
 AOA provide rule for forfeiture of share If
any member is not able to pay call money.
 AOA also provide procedure when
shareholder choose to surrender the
shares.
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16/22
CONTENTS OF AOA
7. Conversion of Shares into Stock
 AOA provide guidelines for conversion of
shares into stock which may be converted
through ordinary resolution in General
meeting.
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17/22
CONTENTS OF AOA
8. Auditing of Company
 AOA provide manner of provision for
auditing, manner of financial statement,
manners of maintain account of books &
record.
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18/22
CONTENTS OF AOA
9. Voting Right
 AOA provide procedure of right of voting
of shareholder & other members. It also
provide appointment of proxy (person
acting on behalf of shareholder)
procedure of share holder.
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19/22
CONTENTS OF AOA
10. Human Structure Style / Management
 AOA also provide communication style &
which type of human structure will be
followed e.g Top – Bottom, Bottom- top or
Both.
 Along with powers of CEO, CFO, CS etc
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20/22
CONTENTS OF AOA
11. Dividend / Surplus Distribution
 AOA provide procedure of surplus
dividend distribution between
shareholders. And how much dividends
will retain.
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21/22
CONTENTS OF AOA
12. Winding up of Company
 AOA provide procedure of winding up.
 Shareholders liability.
 Provision of Rule / Law to be followed.
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Constitution of Company Article of Association

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Constitution of Company Article of Association

  • 1. 1
  • 3. 1/22 DOCUMENTS OF A COMPANY  A Company has three important documents: Article of Association Prospectus Memorandum of Association www.seribangash.com
  • 4. 2/22 CONSTITUTION OF A COMPANY  What is Constitution: A body of fundamental principal established precedent's according to which a state or other organization is acknowledge to be governed. www.seribangash.com
  • 5. 3/22 CONSTITUTION OF A COMPANY  What is Company’s Constitution: The constitutions is a legal documents which spells out the rules and regulation in how the company should be governed. www.seribangash.com
  • 6. 4/22 ARTICLE OF ASSOCIATION Definition Article of Association The article of Association of a company framed in accordance with the company law or the companies Act. AOA are bye –laws or rule and regulation that governs the management of its internal affairs & the conduct of business. www.seribangash.com
  • 8. 6/22 CONTENTS OF AOA Article of Association The article of Association of a company act is a rule book & guide the company about the various day to day activities. So it is important to understand AOA contents. www.seribangash.com
  • 9. 7/22 CONTENTS OF AOA  Following are the contents of AOA www.seribangash.com
  • 12. 10/22 CONTENTS OF AOA 1. Director  AOA mention Appointment of Directors.  Name of first Directors  No of Directors & Qualification  Remuneration  Powers & duties. www.seribangash.com
  • 13. 11/22 CONTENTS OF AOA 2. General Meeting  AOA mention basic framework for meeting.  Appointment for Chairperson.  Voting right of shareholder. www.seribangash.com
  • 14. 12/22 CONTENTS OF AOA 3. Share Capital  AOA mention various aspect to manage company share capital.  Alteration of share capital.  Calls on shares.  Rights of shareholders.  Issue of Equity, Preference shares etc. www.seribangash.com
  • 15. 13/22 CONTENTS OF AOA 4. Lien of Shares  AOA empower the company to retain the shares of any member.  If any member fail to pay the debt to the company. www.seribangash.com
  • 16. 14/22 CONTENTS OF AOA 5. Transfer & Transmission of Shares  AOA provide procedure for transmission or transfer of shares incase of death, insolvency, marriage etc. www.seribangash.com
  • 17. 15/22 CONTENTS OF AOA 6. Forfeiture & Surrender of Shares  AOA provide rule for forfeiture of share If any member is not able to pay call money.  AOA also provide procedure when shareholder choose to surrender the shares. www.seribangash.com
  • 18. 16/22 CONTENTS OF AOA 7. Conversion of Shares into Stock  AOA provide guidelines for conversion of shares into stock which may be converted through ordinary resolution in General meeting. www.seribangash.com
  • 19. 17/22 CONTENTS OF AOA 8. Auditing of Company  AOA provide manner of provision for auditing, manner of financial statement, manners of maintain account of books & record. www.seribangash.com
  • 20. 18/22 CONTENTS OF AOA 9. Voting Right  AOA provide procedure of right of voting of shareholder & other members. It also provide appointment of proxy (person acting on behalf of shareholder) procedure of share holder. www.seribangash.com
  • 21. 19/22 CONTENTS OF AOA 10. Human Structure Style / Management  AOA also provide communication style & which type of human structure will be followed e.g Top – Bottom, Bottom- top or Both.  Along with powers of CEO, CFO, CS etc www.seribangash.com
  • 22. 20/22 CONTENTS OF AOA 11. Dividend / Surplus Distribution  AOA provide procedure of surplus dividend distribution between shareholders. And how much dividends will retain. www.seribangash.com
  • 23. 21/22 CONTENTS OF AOA 12. Winding up of Company  AOA provide procedure of winding up.  Shareholders liability.  Provision of Rule / Law to be followed. www.seribangash.com

Editor's Notes

  1. Bismillah………
  2. Sir, first I shall apprise about Junior Staff Wing.