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Articles of association
Updating the constitution of a company can produce tangible commercial benefits and is widely recommended by professional advisers, especially in light of the changes brought about by The Companies Act 2006. Following exhaustive consultation with clients and external counsel, Oswalds' has developed a new suite of Companies Act 2006 compliant articles. These new articles provide significantly greater utility than the new model articles proposed under the act.
To find out more about Oswalds' new articles and the advantages of updating your company's existing articles, click here.
Here are some more benefits arising out of an update of pre-Companies Act 2006 compliant articles:
Ensures that the company's constitution is fully in line and complies with the Companies Act 2006 in all respects.
Replaces the difficult to understand language of Table A with modern English phraseology that everyone can readily understand.
Clarifies the company's decision-making process when there is a sole director.
Removes the limitation as to the type of business the company may carry out.
Removes the upper limit on the company's authorised share capital and allows new shares to be issued by the directors without the permission of the shareholders.
Extends the company's power to use electronic means to communicate with its shareholders and hold electronic meetings of the directors and of the shareholders.
If you would like to take advantage of these changes, Oswalds can help. We have produced new articles which are available for adoption from the 1 October, call one of our experts on 0131 557 6966.
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Bespoke updating of your own draft
As the market leader for private company law built on an enviable reputation for ensuring that we interpret the law and have an in depth understanding of legislative changes.
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Adopt Oswalds' new articles
A company's memorandum and articles of association are it's primary governing documents. Oswalds can draft, check and file any changes for you.
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Companies Act Healthcheck
To make sure you are getting the most from the changes and are complying with the new rules, it pays to review your company's constitution with the Jordans Company Healthcheck for private limited companies.
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Speak to an expert
Roddy Sandeman
0131 200 7141
Simon Paul
0131 200 7171
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