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FORM CM44B REPUBLIC OF SOUTH AFRICA COMPANIES ACT, 1973 ARTICLES OF ASSOCIATION OF A COMPANY NOT HAVING A SHARE CAPITAL (Section 60×1); Regulation 18) Amended in terms of a Special Resolution passed

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How to fill out abasa articles of association

To fill out ABASA articles of association, follow these steps:

01

Start by reviewing the template or format provided by ABASA. This will give you an idea of the structure and content required for the articles of association.

02

Begin by entering the name of the company or organization for which the articles of association are being prepared. Include any variations of the name, if applicable.

03

Provide a clear and concise introduction about the purpose and objectives of the company. This section should highlight the main activities and goals of the organization.

04

Include details about the registered office address of the company. This should include the full address, including city, state, and postal code.

05

Specify the share capital and share structure of the company. This includes information on the types of shares issued, the number of shares, and their respective values.

06

Outline the rights and responsibilities of the shareholders. This section should cover voting rights, dividend distribution, and any other relevant provisions related to shareholders' interests.

07

Describe the appointment, powers, and responsibilities of the board of directors. Include information about their terms of office, decision-making processes, and any limitations on their authority.

08

Include provisions related to the general meetings of the company. This should cover the frequency of meetings, quorum requirements, and procedures for conducting the meetings.

09

Specify any additional regulations, policies, or procedures that are specific to your company or industry. This may include special provisions for dealing with conflicts of interest, decision-making processes, or other relevant aspects.

10

Sign and date the articles of association once you have filled out all the required information. Make sure to have the document signed by all necessary parties, such as the shareholders or directors.

Who needs ABASA articles of association?

01

Companies or organizations that are registered under the Association of Business Administrators of South Africa (ABASA) may need to have articles of association to establish their legal framework.

02

Startups or newly formed companies looking to define their internal governance structure and regulations can benefit from having articles of association in place.

03

Investors or lenders who require a clear understanding of a company's governance structure and rules may request the articles of association before making any financial commitments.

04

Existing businesses that are undergoing restructuring or changes in their ownership structure may need to update or amend their articles of association to reflect the new arrangements.

By having articles of association in place, companies can ensure clarity, transparency, and legal compliance in their operations, which can contribute to their long-term success and sustainability.

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