Articles of Association Draft Format for a Company in Word Format
THE COMPANIES ACT, 1956
(COMPANY LIMITED BY SHARES)
ARTICLES OF ASSOCIATION
OF
ABCD TRADERS
PRIVATE LIMITED
1. Unless the context otherwise require, words or expressions contained in these regulation shall bear the same meaning as in the Act or any statutory modification thereof in force at the date at which these regulations become binding on the Company.
In these presents unless
there be something in the subject of
context inconsistent therewith.
“ The Act “ means the Companies Act, 1956.
“ The Company ”means ABCD
TRADERS PRIVATE LIMITED.
“ The
Directors “, “ Board of Directors “ or “ The Board “ means the Board of
Directors for the time being of the Company.
“ Seal” means the common seal of the Company.
The Company shall have a common seal and the Directors shall provide for the
safe custody thereof. The Seal shall not be applied to any instrument except by
the authority of a resolution of the Board of Directors and in the presence of
at least one Director or such other person as the Board may appoint for the
purpose; and the Director or such other person aforesaid shall sign for every
instrument to which the seal of the Company is so affixed in his presence. Such
signature shall be conclusive evidence of the fact that the seal has been
properly affixed.
PRIVATE COMPANY
2. Subjects as hereinafter provided the regulations contained in
Table ‘A’ of the First Schedule to the Companies Act, 1956 shall apply to the
Company.
3. The Company is a private Company within the meaning of
Section 3(I) (iii) of Companies Act, 1956 and accordingly:-
(a)
No invitation shall be issued to the public to subscribe for any shares
in or debentures of the Company.
(b)
The number of members of the
Company (exclusive of the persons who
are in employment of the Company and persons who, having been formerly in the
employment of the Company were members of the Company while in that employment
and have continued to be members after the employment ceased), shall not exceed
fifty, provided that where two or more persons hold one or more shares in the
Company jointly, they shall for the purpose of this paragraph, be treated as a
single member.
(c)
The right to transfer the shares of the Company shall be restricted in
the manner, provided by Table ‘A’
(d)
The Company shall have minimum
Paid-up Capital of Rs.1,00,000/- (One
Lac only) or as may be prescribed from time to time.
(e)
Prohibits any invitation or
acceptance of deposits from the persons other than members of the Company, its
director or their relatives.
4.
The object of the Company shall include the several objects expressed
in the Memorandum of Association or any of them.
5.
The Directors will not be required to hold any shares as Qualification
Shares.
6.
The following shall be the First Directors of the Company:
1.
SHRI
SHREE AMIT DHANUKA
2.
SHRI
SACHIN PRASAD SHARMA
6A. Notwithstanding the indemnity provided in these Articles, Mr. _________
and Mr. _________________, Directors for the time being of the Company are
hereby indemnified and saved and kept harmless from and against any and all
claims, liabilities, damages, acts, omissions, losses, costs and expenses
(including amounts paid in satisfaction of judgements, in compromises and
settlements, as fines and penalties, legal or other costs and expenses of
investigating or defending against any claim or alleged claim) of any nature
whatsoever, known or unknown, liquidated or unliquidated, that are incurred by
the directors arising out of or in connection with them acting as directors of
the Company subject to limitations, if any, imposed by law.
Mr. _____________ and Mr. _____________ shall further not
be liable for the acts, receipts, negligence or defaults of any other directors
or officers or for joining in any act for conformity for any loss or expenses
incurred by the Company through the insufficiency of any security in or upon
which any of the moneys of the Company shall be invested or for any loss or
damages arising from the bankruptcy or insolvency or tortuous act of any
Persons with whom any money, securities or effects shall be deposited or for
any loss occasioned by any error of judgement, omission, default of oversight
on their part or for any other loss, damage or misfortune whatever, which shall
happen in relation to the execution of the duties of their office or in
relation thereto subject to limitations, if any, imposed by law.
7.
Until otherwise determined by the Company in general meeting, the
number of Directors shall
not be less than 2 (Two) and more
than 12 (Twelve).
We, the several persons whose names,
addresses, descriptions and occupations are hereunto subscribed, are desirous
of being formed into a company in pursuance of this Articles of Association and
we respectively agree to take the number of shares in the Capital of the
Company set opposite to our own respective names.
|
Signature, Names, father’s/Husband’s
Names, Address, Description, and Occupation of Subscribers.
|
No. of Equity Shares taken by
each Subscriber. |
Signature, Names, father’s Names,
Address, Description, and Occupation of Witness.
|
|
1.
-------------------------------
Occupation –Service.
2.
--------------------------------
Occupation – Service
Total
|
5000 (Five Thousand)
5000 (Five Thousand)
|
Witness
to all the Signatories.
------------------ |
|
10,000 (Ten
Thousand) |
||
|
|
Kolkata dated this 11th day of November, 2015.
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