Noun
articles of association pl (plural only)
A document which, along with the memorandum of association, forms a company's constitution, defines the responsibilities of the directors, the kind of business to be undertaken, and the means by which the shareholders exert control over the board of directors.
A company can increase its authorised share capital by passing an ordinary resolution (unless its articles of association require a special or extraordinary resolution ). Source: Internet
The real issue is in the strength of the voting rights, but according to the articles of association it seems all the shares carry an equal vote (article 24.5). Source: Internet
The case concerned the powers of directors under the articles of association of the company to disenfranchise voting rights attached to shares for failure to properly comply with notice served on the shareholders. Source: Internet
ITT owned one third of Ericsson, but was forbidden to exercise this ownership because of a paragraph in the company's articles of association stating that no foreign investor was allowed to control more than 20% of the votes. Source: Internet
The issuer owes only one set of obligations to shareholders under its memorandum, articles of association and company law. Source: Internet
Last month, InterGlobe Aviation’s shareholders rejected a proposal of Rakesh Gangwal to amend the company’s Articles of Association (AoA). Source: Internet