Articles of association

Also known as articles of incorporation. A document containing laws, rules and regulation for internal control and management of a company as opposed to memorandum of association which contains the external affairs of a company

Articles may contain the following topics according to the prevailing country's law
  • The issuing of shares or stock 
  • Transferability of shares 
  • the appointments of directors
  • Management decisions 
  • Transferability of shares 
  • Directors meetings' rules and regulations
  • the company's policy regarding dividends
  • Policy regarding the winding up of company