Q.Write a short note on: Articles of Association

The Articles of Association is the document containing the rules and regulations for the internal management and day-to-day administration of a company; it is subordinate to and must not conflict with the Memorandum of Association.

The Articles of Association (AOA) is a document that contains the rules, regulations and bye-laws for the internal management of a company. While the Memorandum defines the company's relationship with the outside world, the Articles govern the internal conduct of the company's affairs. They deal with matters such as the amount and types of share capital, calls on shares, transfer and forfeiture of shares, conduct of meetings, voting rights of members, appointment, powers and duties of directors, declaration of dividends, and winding up. The Articles are subordinate to the Memorandum and must not contain anything that contradicts it or the Companies Act. This is a forma …