A company’s articles of association (AoA) or ‘articles’ are its by-laws; therefore, it governs the company management’s internal affairs and business operations. They’re framed to carry out aims and objects set out in a Memorandum of Association (MOA).
Often altered when the need arises in pursuance of objects in an MOA or of updates on local legislation, articles regulate a company’s internal management and define powers of board of directors further. They establish a contract not just between the members and the company, but between members inter se. The contract governs the obligations and ordinary rights incidental to company membership.
At HHS Lawyers, our lawyers and legal consultants in Dubai understand the importance of such legal corporate documents. With a legal drafting team composed of seasoned lawyers, clients get the assurance that their articles have provisions on company administration, including making of calls, qualifications of directors, forfeiture of shares, duties, and powers, appointment of auditors, transmission of shares, and procedure for transfer.