A company
is an incorporated body. So there should
be some rules and regulations are to be formed for the management of its
internal affairs and conduct of its business as well as the relation between
the members and the company. Moreover
the rights and duties of its members and the company are to be recorded. There comes the need and origin of Articles
of Association.
The
Articles of Association is a document that contains the purpose of the company
as well as the duties and responsibilities of its members defined and recorded
clearly. It is an important document
which needs to be filed with the Registrar of companies.
It is the
document for internal management of a company, it is necessary to know its
contents before anyone who deals with company.
It is a document which is accessible
to anyone just like memorandum of association
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