Articles of Association

Under the Companies Act 2006 (the “Companies Act“), a company is required to have Articles of Association prescribing regulations for the company; in effect, a constitution. Regulations made under the Companies Act prescribe so-called “model Articles”, which cover the main areas of concern for the owners and managers of businesses, and which mirror corresponding parts of the Companies Act, namely:

  • Interpretation and limitation of liability;
  • Directors;
  • Shares and distributions;
  • Decision making by shareholders; and
  • Administrative arrangements.

The Articles drafted for the company largely follow the relevant set of model Articles, with some modifications to reflect the specific circumstances of the company.

TWPH Articles of Association.