What Is Mean By Article Of Association?

What are the features of articles of association?

The major features of articles of association are as follows.Structure of the organization along with control mechanism.Voting pattern and rights of the employees.Mode of conduct of director’s meetings.Mode of conduct of AGM of shareholders.The difference in rights of different kinds of shares..

What is Article of Association Class 11?

Articles of Association (AOA) describes the rules and regulations for the internal management of the company. … It usually contains regulation relating to Share capital and Variation rights, Lien, Calls on Shares, Transfer and Transmission of shares etc.

What do you mean by age of association?

In layman’s terms, this means all the tools needed to be a fully engaged and contributing member of today’s digital society are available when and where needed for free.

Are articles of association a contract?

Articles of Association (“Articles”) govern the internal affairs of a company, and act as a contract between each of the company’s shareholders, and between the shareholders and the company itself. … ‘Special Articles’, which are drafted from scratch to suit your company’s needs.

What is difference between articles of association and memorandum?

‘Memorandum of Association’ abbreviated as MOA, is the root document of the company, which contains all the basic details about the company. On the other hand, ‘Articles of Association’ shortly known as AOA, is a document containing all the rules and regulations designed by the company.

What is AOA in project management?

An AoA network diagram, or Activity on Arrow network diagram, uses circles and arrows. … These diagrams are used for CPM (Critical Path Method) and PERT (Program Evaluation and Review Technique), which help to optimize the performance of tasks in a project.

How do you change articles of association?

The Articles of Association may be changed by the shareholders passing a special resolution in a general meeting or by written resolution. A copy of the resolution and the new articles of association must be sent to Companies House within 15 days.

What is an article give an example?

Articles are words that define a noun as specific or unspecific. Consider the following examples: After the long day, the cup of tea tasted particularly good. By using the article the, we’ve shown that it was one specific day that was long and one specific cup of tea that tasted good.

What is Article of Association and its contents?

Articles of Association is an important document of a Joint Stock Company. It contains the rules and regulations or bye-laws of the company. They are related to the internal working or management of the company. … The contents of articles of association should not contradict with the Companies Act and the MoA.

What is the importance of articles of association?

Articles of Association, the second important document of a company, contain rules, regulations and bye-laws for the internal administration of the company. The articles regulate the internal management of the company. Articles define the powers of the directors and other officers of the company.

What does AOA stand for airport?

Air Operations AreaAir Operations Area (AOA) – The area of the Airport bounded by a fence of to which access is otherwise restricted and which is primarily used or intended to be used for landing, takeoff, or surface maneuvering or aircraft, and related activities.

What do you mean by memorandum of association and articles of association?

The memorandum of association is the document that sets up the company and the articles of association set out how the company is run, governed and owned. The articles of association includes the responsibilities and powers of the directors and the means by which the members exert control over the board of directors.

How do you write an article of association?

Primary Contents Of An Articles Of AssociationShare Capital. The total capital of the company needs to be clearly shown in the Share Capital clause. … Type Of Company. … Agreement. … Shares. … Transfer and Transmission of Shares.

What is the full form of AOA?

In corporate governance, a company’s articles of association (AoA, called articles of incorporation in some jurisdictions) is a document which, along with the memorandum of association (in cases where the memorandum exists) form the company’s constitution, and defines the responsibilities of the directors, the kind of …

What is AOA in construction?

Both activity on arrow (AoA) and activity on node (AoN) come under the Program Evaluation and Review Technique (PERT), which is a well-known method that is used to analyze various tasks when it comes to completing a project, especially when it comes to the time that is required to complete each task and the minimum …