Name Clause: Contains the name by which the company will be established.
Situation Clause: Contains name of the state in which the registered office of the company is or will be situated.
Objects Clause: Contains detailed description of the objects and rights of the company.
Liability Clause: Contains financial limit.
Capital Clause: Contains the proposed authorized capital of the company.
Name and address of at least seven members in case of public limited company.
Two members in case of a private limited company.
Contains the various rules and regulations for the day to day management of the company.
These rules are also called the bye-laws.
Covers various rights and powers of its members, duties of the management and the manner in which they can be changed.
Defines the relationship between the company and its members.
AOA of a company generally contain rules and regulations with regard to the following matters:
Use and custody of common seal
Allotment, calls and lien on shares
Transfer and transmission of shares
Forfeiture and re-issue of shares
Alteration of share capital
Issue of share certificates and share warrants
Conversion of shares into stock
Procedure of holding and conducting company meetings
Voting rights and proxies of members
Qualification, appointment, remuneration and power of Directors
Borrowing powers and methods of raising loans
Payment of dividends and creation of reserves
Accounts and audit