Articles of Association (“AoA”) form the backbone of a private limited company. An AoA is a document that sets out details of the first directors, and their management powers including, shareholding and variation rights besides the ability or non-ability of a company to raise capital. It also lays down detailed share transfer provisions and any variation of shareholding rights, now or in the future. Hereunder you will find sample articles of association drafted for a private limited company as per the Indian Companies Act, 2013. You could have one drafted for your company.
