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Re-drafting & Review of Articles of Association
A company may need to redraft their Articles of Association for various reasons. We can help our clients through this procedure.
During a company's lifetime, it may be necessary to amend or redraft its Articles of Association. Situations which would require such a procedure include the restructuring of share capital, new restrictions on share transfers or the adjustment of voting rights.
The provisions of the Companies Act 2006, implemented on the 1st October 2009, do not, by themselves, require companies incorporated before this date to amend their Articles of Association. However, companies need to be aware that any provisions in their Articles that conflict with the 2006 Act may be overridden. Furthermore, the Act introduces a number of provisions to simplify company procedures relating to shareholders' general meetings, adoption of resolutions, raising of capital and the appointment and removal of officers, etc.
The company therefore may wish to review and update its Articles in order to take advantage of the relaxation of the procedures and to avoid conflict with the new provisions of the Companies Act 2006.
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Review and compare your company's existing Articles to the Companies Act 2006 and your requirements.
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Compile a report on your company's current Articles to explain their effect and to recommend any amendments.
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Amend your current Articles accordingly or provide a new updated set of Articles in line with current legislation.
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Prepare all necessary resolutions to approve the adoption of the revised Articles.
If you need assistance with your Articles of Association please feel free to contact us to discuss your requirements either by completing the form on the right or by calling us on 0800 0 119 119 and we will be happy to help.
