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Question

Articles of Association of a Company contains the name of _____________.

A
first directors
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B
subsequent directors
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C
shareholders
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D
managers
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Solution

The correct option is A first directors
A company's articles of association (AoA) is a document which, along with the memorandum of association form the 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. It refers to that document of the company in which rules of internal management to achieve the objective laid down in the memorandum of association are stated. The document lays out how tasks are to be accomplished within the organization, including the process for appointing directors and handling of financial records.


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