Model Format of Draft Model Articles Of Association For Public Companies

Model Format of Draft Model Articles Of Association For Public Companies

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Model Format of Draft Model Articles Of Association For Public Companies
Model Format of Draft Model Articles Of Association For Public Companies

PART 1: DEFINITIONS AND INTERPRETATION

  1. Defined terms
  1. The special meanings given to certain words and phrases in the articles are set out in the index of defined terms.

2. Where a word or phrase is defined in the index of defined terms, other grammatical forms of that word or phrase used in the articles shall have a meaning which corresponds to that definition.


PART 2: DIRECTORS
2. DIRECTORS’ POWERS AND RESPONSIBILITIES

Directors’ general authority

Subject to the Companies Acts and the articles, the directors:
a. shall manage the company’s business; and
b. may exercise all the powers of the company for any purpose connected with the company’s business.

3. Members’ reserve power

  1. The members may, by special resolution, order the directors to act, or refrain from acting
  2. in a particular wayNo such special resolution shall invalidate anything which the directors have already done.

Note: This is just the part of the agreement. To get it drafted completely by legal experts, kindly contact the expert team of Aapka Consultant by clicking here

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