AOA stands for Articles of Association.
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What is AOA?
An Articles of Association (AOA) is a document that sets out the rules and regulations under which a company or organization operates. It is also known as a company charter.
The main purpose of an AOA is to ensure that the company operates in a lawful and efficient manner. It should also set out the responsibilities of the board of directors and other important members of the organization.
An AOA can be different for different companies, but there are some common features that all AOAs have. These features include:
-A description of the company’s purpose
-The name and address of the company
-The names and addresses of the members of the board of directors
-The terms of office for each member of the board
-The number and type of shares that each member is entitled to hold
-The conditions under which those shares can be traded
-The powers and duties of the board of directors
-The procedure for amending or dissolving the company
An AOA is a important document, and it should be updated regularly to reflect changes in the company’s operations.