Articles of Association — SPCC STD 11 Commerce — Question

Table H : Articles of Association of a Company Limited by Guarantee and not having Share Capital:
Where the liability of the members of a company in the event of its liquidation is limited to the extent of the contribution agreed to be paid in the assets of the company as per the Memorandum of association it is called a company limited by Guarantee and not havinghare capital. Following matters are to be included in such Articles of Association:
(1) Number of Members: For the purpose of registration of a company the number required is 100. The company may increase the number of its members as per its requirements.
(2) General Meeting All meetings of the company écept General meeting will be considered as special meetings.
(3) Conducting Meeting : Rules regarding conducting General meeting are mentioned in it.
(4) Adjournment of Meeting : The circumstances under which the meeting can be adjourned and procedure for adjournment of meeting are stated in it.
(5) Voting Right : The rules regarding voting rights of members are mentioned in the Articles of Association.
(6) Meeting of Board of Directors : The information regarding Board of Directors and regulations of their meetings are mentioned in Articles of Association.
(7) Rules for chief officers : The rules of appointment and removal of chief administrative officer, Manager, Company Secretary Chief financial officer are mentioned in Articles of Association.
(8) Common seal/stamp : Rules regarding the use of common seal/stamp of a company and its preservation are mentioned in Articles of Association.