articles of association

The document that governs the running of a company. It sets out voting rights of shareholders, conduct of shareholders' and directors' meetings, powers of the management, etc. Either the articles are submitted with the memorandum of association when application is made for incorporation or the relevant model articles contained in the Companies Regulations (Tables A to F) are adopted. Table A contains the model articles for companies limited by shares. The articles constitute a contract between the company and its members but this applies only to the rights of shareholders in their capacity as members. Therefore directors or company solicitors (for example) cannot use the articles to enforce their rights. The articles may be altered by a special resolution of the members in a general meeting.

Accounting dictionary. 2014.

Look at other dictionaries:

  • articles of association — 1: the instrument under which an association is organized 2: articles of incorporation Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Articles of association — For the articles adopted by the First Continental Congress in 1774, see Continental Association. The term articles of association of a company, or articles of incorporation, of an American or Canadian Company, are often simply referred to as… …   Wikipedia

  • articles of association — the basic document of a registered company defining its internal organisation. It is one of two fundamental documents on which the registration of a company is based. See memorandum of association. Glossary of Business Terms * * * articles of… …   Financial and business terms

  • Articles of Association — The document which acts as a contract between a company and its shareholders, giving the rights and duties of the shareholders with the company and between themselves. Dresdner Kleinwort Wasserstein financial glossary See also Memorandum of… …   Financial and business terms

  • articles of association — 1. : a written agreement embodying the purposes or other terms and conditions of the association of a number of persons for the prosecution of a joint enterprise; specifically : a written agreement duly executed and filed so as to have the force… …   Useful english dictionary

  • Articles Of Association — A document that specifies the regulations for a company s operations. The articles of association define the company s purpose and lays out how tasks are to be accomplished within the organization, including the process for appointing directors… …   Investment dictionary

  • articles of association — Basic instrument filed with the appropriate governmental agency (e.g. Sec. of State) on the incorporation of a business. It sets forth the purposes of the corporation, its duration, the rights and liabilities of shareholders and directors,… …   Black's law dictionary

  • articles of association — /ˌɑ:tɪk(ə)lz əv əsəυsi eɪʃ(ə)n/ plural noun a document which lays down the rules for a company regarding such matters as the issue of shares, the conduct of meetings and the appointment of directors ● This procedure is not allowed under the… …   Dictionary of banking and finance

  • articles of association — The document that governs the running of a company. It sets out voting rights of shareholders, conduct of shareholders and directors meetings, powers of the management, etc. Either the articles are submitted with the memorandum of association… …   Big dictionary of business and management

  • articles of association — The agreement entered into by and between the members on forming an unincorporated association. 6 Am J2d Asso & C § 5 …   Ballentine's law dictionary

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