The articles of association will usually specify the way a company issues stocks, distributes dividends, and performs financial records. The document is focused on giving the reader information about the methods a company uses to achieve its daily, monthly, and yearly goals.
The articles of association are relatively similar in any part of the world, even though the exact terms and items vary across jurisdictions. In general, it includes the following:
The articles of association (AoA) can be considered the “constitution of a company.” It outlines the rules and regulations that stipulate a company’s internal affairs.
The articles of association are also considered a user’s manual for an organization that states the purpose of the organization and its strategies to accomplish its short-term and long-term goals.
Generally, the AoA includes a company’s legal name, address, purpose, equity capital, organization of the company, financial provisions, and provisions regarding the shareholder meetings.
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CM Advocates LLP Mombasa Branch is one of the leading firms in the Coastal Region founded in 2016 with a satellite office at Ukunda, Diani.
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