NOTE FOR E-FORMATION COMPANY FORMATION FROM FORMATIONS DIRECT

E-formation company formations use the "SPECIAL" articles format have been drafted on the following bases. If you require amendments you should use the "FULL PACKAGE" or "ADVANCED PACKAGE" format.

E-formation company formation option is paperless and the only hard copy item you receive is the original certificate of incorporation. Full and advanced packages take preference over e-formations unless you order an e-formation with an "Xpress" 3 hr upgrade.

This precedent comprises specimen short form articles of association for a private company. Although based on the Model Articles for a private company limited by shares (Schedule 1 to the Companies (Model Articles) Regulations 2008) (Schedule 1 Model Articles), it incorporates various additional provisions supplementing and modifying the Schedule 1 Model Articles. However, unlike the "advanced" articles of association, it follows the customary practice of only filing those articles which modify the Schedule 1 Model Articles, without reproducing any provisions of the Schedule 1 Model Articles of Association which remain unaltered.

The articles of association have been drafted on the following bases:

• The company has unrestricted objects in its articles.
• There is no share qualification for directors.
• The company will not hold annual general meetings.
• The directors are granted absolute rights to refuse to register a transfer of shares.
• Pre-emption rights apply both on the issue and the transfer of shares.
• There are no weighted voting rights attached to particular shares nor for directors in proceedings at board meetings.
• There are no provisions of these articles which are entrenched and as such require particular voting thresholds to be met before they can be amended.

Keywords: company formation, articles, model articles, articles of association, private company limited by shares