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Articles of Association
   The Articles of Association...
Now let's have a look at the second legal document. The Articles of Association defines how the shareholders and officers run the company. The majority of limited companies adopt a legal table commonly referred to as 'Table A'. This Table is presented as a series of numbered paragraphs and determines such things as how resolutions are passed and the power of directors. Often companies may wish not to adopt a certain regulations within Table A and will therefore include the following statement within the Articles of Association:
  "Regulations 60, 61, 64, 73, 74, 75, 81(e), 89, 94, 95, 96, 97 and 98 of Table A shall not apply to the Company, but the Articles hereinafter contained together with the remaining regulations of Table A, subject to the modifications hereinafter expressed, shall constitute the regulations of the Company"  
For your convenience we have included a copy of 'Table A' in the downloadable template pack. We recommend you have a look through this to assist you in completing your Articles of Association.
 
How to create your Articles of Association:
Again you will need to download the template pack to continue with this topic. Open the Articles of Association and complete the following steps to produce your document:
Articles of Association Instructions You must firstly ensure your company name is stated here
This must state the amount of shares you wish to give the directors authority to allot or grant options over. If you are uncertain of what this should be, simply state your company's authorised share capital. This will subsequently provide the directors with a five-year period during which they will be able to allot shares up to the value of your company's authorised share capital.
To complete this document you must sign in the presence of a witness who must also sign.
   
On completion please remember to remove all the numbered images and ensure the document is printed in black and white.
   
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