Articles of Association
Definition of 'Articles of Association'
The articles of association are a public document and can be viewed by anyone. They are filed with the Companies House, which is the government agency responsible for registering companies in the United Kingdom.
The articles of association are not the same as the company's memorandum of association. The memorandum of association is a shorter document that sets out the company's name, registered address, and the amount of its share capital.
The articles of association are more detailed than the memorandum of association. They set out the company's internal rules and regulations. They also define the company's objects, which are the activities that the company is permitted to carry out.
The articles of association can be amended by the company's shareholders. However, any amendments must be approved by the Companies House.
The articles of association are an important document for any company. They provide a framework for the company's operations and ensure that all shareholders and directors are aware of their rights and responsibilities.
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