SELECT * FROM question_mgmt as q WHERE id=11015 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=2 AND subId=20 AND chapterId=215 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED)

Question:

Discuss the importance of the 'Articles of Association' in a company.

Answer:

The Articles of Association play a significant role in the internal management of a company. This document outlines the rules and regulations that govern the company’s operations, including provisions related to the appointment and powers of directors, procedures for conducting meetings, dividend distribution, and the rights and responsibilities of shareholders. By establishing clear guidelines, the Articles ensure smooth governance and minimize conflicts within the organization. It serves as a comprehensive manual for directors and members, promoting transparency and efficiency in the company’s management. Additionally, it complements the Memorandum of Association by detailing operational specifics, making it an indispensable document for corporate functioning.


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  • Answered by Ekta Mehta
  • 4 months ago

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