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The Companies Act 1985 to 2006 Company Limited by Guarantee and not Having a Share Capital Memorandum and Articles of Association of The RCN Foundation Bates Wells & Braithwaite London LLP 26 Cannon
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Start by understanding the purpose and requirements of a memorandum and articles of association.
02
Gather all necessary information about the company, including its name, registered address, and objectives.
03
Identify the shareholder(s) and their respective shares in the company.
04
Determine the number of directors and their roles and responsibilities.
05
Draft the memorandum of association, outlining the company's constitution, objectives, and internal regulations.
06
Include clauses regarding the company's share capital, dividends, voting rights, and decision-making processes.
07
Draft the articles of association, detailing the internal management and administration of the company.
08
Ensure the articles cover matters such as the appointment and removal of directors, shareholder meetings, and the distribution of profits.
09
Review and revise the drafted documents for accuracy and compliance.
10
Submit the memorandum and articles of association to the relevant authorities for approval and registration.
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Upon approval, the memorandum and articles become legally binding, and the company can commence its operations.

Who needs memorandum and articles of?

01
Newly formed companies require a memorandum and articles of association to establish a legal framework for their operations.
02
Existing companies may also need to amend or update their memorandum and articles to reflect changes in their objectives, management structure, or shareholder composition.
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Shareholders, directors, and potential investors may refer to the memorandum and articles to understand the rights and obligations associated with their involvement in the company.
04
Government bodies and regulatory authorities may require the submission of memorandum and articles as part of the company registration process or for legal compliance purposes.
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The memorandum and articles of association are legal documents that set out the structure, responsibilities, and rules of a company.
All companies, regardless of size, are required to file memorandum and articles of association with the appropriate government authority.
The memorandum and articles of association can be filled out by the company's directors or by a company formation agent. It typically involves providing information about the company's name, registered office, share capital, and rules governing the company.
The purpose of memorandum and articles of association is to provide clarity and guidance on how the company should be run, the rights and responsibilities of shareholders, and how important decisions should be made.
The memorandum and articles of association must include details such as the company's name, registered office address, objectives of the company, share capital, and rules governing the company.
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