Question

State the following statement is True or False:

The Articles of Association is an alterable document.

• A. True
• B. False

Answer 1

The correct option is A True

The Articles of Association or are the legal document that along with the Memorandum of Association serves as the constitution of the company. It is comprised of rules and regulations that govern the company’s internal affairs. The Articles of Association are concerned with the internal management of the company and aims at carrying out the objectives as mentioned in the Memorandum. These define the company’s purpose and lay out the guidelines of how the task is to be carried out within the organization. The Articles of Association cover the information related to the board of directors, general meetings, voting rights, board proceedings, etc. Article of association can be altered by directors by passing special resolution.