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Company's Articles Of Association
"I need Articles of Association for a Saudi-owned technology consulting company with 3 founding shareholders, planned for establishment in March 2025, including specific provisions for intellectual property protection and future employee share schemes."
1. Introduction: Details of the company formation, including date and parties involved in establishing the company
2. Definitions and Interpretation: Key terms used throughout the Articles and their meanings
3. Company Name: Official name of the company in Arabic and English
4. Company Objects: Detailed description of permitted business activities and operations
5. Company Headquarters: Registered office location and provisions for branches
6. Duration: Term of the company's existence
7. Capital and Shares: Details of share capital, types of shares, and their nominal value
8. Share Transfer Provisions: Rules and procedures for transferring shares
9. Management Structure: Composition and powers of the board of directors
10. Shareholder Meetings: Procedures for general assemblies and voting rights
11. Financial Affairs: Fiscal year, accounts, auditing, and profit distribution
12. Dissolution and Liquidation: Procedures for company dissolution and asset distribution
1. Preemptive Rights: Used when shareholders should have first right to purchase new shares
2. Tag-Along Rights: Include when minority shareholders need protection in sale scenarios
3. Non-Competition: Add when restrictions on shareholders' competing activities are needed
4. Shariah Compliance: Detailed section when company requires strict Islamic finance compliance
5. Executive Committee: Include for larger companies requiring additional management structure
6. Foreign Ownership Provisions: Required when foreign investors are involved
7. Intellectual Property Rights: Important for technology or brand-focused companies
8. Dispute Resolution: Detailed provisions for handling internal disputes
9. Reserved Matters: List of decisions requiring special majority or unanimous approval
1. Schedule 1: Shareholders Information: Details of initial shareholders and their shareholdings
2. Schedule 2: Share Capital Distribution: Breakdown of share classes and allocation
3. Schedule 3: Board Charter: Detailed rules governing board operations and responsibilities
4. Schedule 4: Business Plan: Initial business plan and objectives (if required)
5. Schedule 5: Shareholder Contact Details: Communication details for official notices
6. Appendix A: Powers of Attorney: Standard form POAs for company operations
7. Appendix B: Share Transfer Forms: Template documents for share transfers
8. Appendix C: Board Resolution Templates: Standard formats for board decisions
Authors
Financial Services
Manufacturing
Technology
Real Estate
Healthcare
Retail
Professional Services
Construction
Energy
Transportation
Education
Hospitality
Agriculture
Mining
Telecommunications
Legal
Compliance
Corporate Governance
Board Secretariat
Finance
Risk Management
Corporate Affairs
Shareholder Relations
Executive Management
Investment
Business Development
Chief Executive Officer
Chief Legal Officer
Corporate Secretary
Legal Counsel
Compliance Officer
Chief Financial Officer
Board Director
Managing Director
Company Registrar
Corporate Governance Officer
Shareholder Relations Manager
Risk Management Officer
Business Development Director
Investment Manager
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