NOTE FOR FULL PACKAGE COMPANY FORMATION FROM FORMATIONS DIRECT

Full package company formations use the "SPECIAL" articles format have been drafted on the following bases. If you require amendments you should use the "ADVANCED" format.

Full package company formation option is a traditional hard copy package as well as e-copies. It takes precedence over the standard e-formation option.

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