Question

what is Articles of Associatio
business studies​

Answer 1

Answer:

article of association is a second main document necessary for a company. it states the rules and regulations which are followed by a company to achieve its objectives.

content of article of association:

1). calls on shares

2). lien of shares

3). the process for the transfer of shares

4). transmission of shares

5). alternation of capital : increase or decrease

Answer 2

Explanation:

Articles of association form a document that specifies the regulations for a company's operations and defines the company's purpose. The document lays out how tasks are to be accomplished within the organization, including the process for appointing directors and the handling of financial records.

Binding between members inter se- the articles define rights and liabilities of the members. As between members inter se the articles constitute a contract between them and are also binding on each member as against the other or others. Such contract can be enforced only through the medium of the company.

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