The Articles of Association is a document regulating the rights of the members of the company among themselves and the manner in which the business of the Company shall be transacted.
The Articles of Association of Company consists of the norms ,bye laws ,rules and regulations for the management of internal affairs of a Company.
Relevant provisions:
Section 36 to 41 of the Companies Act ,2017 deals with the Articles of Association.
Features of Articles of Association:
Articles of Association is a part of Company’s Constitution.
It acts as a contract among members of company.
Lays down duties and responsibilities of share holders .
Acts as a charter for company.
Provides by-laws and regulations of company.
It is a public document and anyone can inspect the Articles of Association.