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Articles Of Incorporation Worksheet
"Need an Articles of Incorporation Worksheet for a technology startup planning to launch in March 2025, with provisions for future foreign investment and employee stock options, compliant with Indian startup regulations and accommodating potential Series A funding."
1. Name Clause: States the company name as approved by the Registrar of Companies
2. Registered Office Clause: Specifies the state where the registered office will be situated
3. Objects Clause: Details the main objectives and ancillary objectives of the company
4. Liability Clause: Declares whether liability of members is limited or unlimited
5. Capital Clause: States the authorized share capital and its division into shares
6. Association/Subscription Clause: Contains details of subscribers who wish to form the company
7. General Management and Administration: Rules regarding board meetings, general meetings, and company administration
8. Share Capital and Rights: Provisions regarding share types, rights, transfers, and certificates
9. Board of Directors: Rules regarding appointment, removal, powers, and duties of directors
10. Meetings and Proceedings: Procedures for conducting various company meetings
11. Accounts and Audit: Provisions for maintaining accounts and conducting audits
1. Common Seal: Rules regarding the company seal (optional since Companies Amendment Act 2015)
2. Foreign Investment Provisions: Include when expecting foreign shareholders or investments
3. Preferential Rights: Include when creating different classes of shares with varying rights
4. Corporate Social Responsibility: Required only for companies meeting certain profit/turnover thresholds
5. Restrictive Covenants: Include for private companies wanting to restrict share transfers
6. Executive Committee: Include when planning to have specific committees beyond the board
7. Arbitration Clause: Include to specify dispute resolution through arbitration
1. Schedule I - Initial Subscribers: Details of initial shareholders including their shareholding
2. Schedule II - Share Capital Structure: Detailed breakdown of share classes and rights
3. Schedule III - First Directors: List of first directors and their details
4. Schedule IV - Adoption Certificate: Certificate confirming adoption of the Articles
5. Appendix A - Forms of Share Certificates: Templates for share certificates
6. Appendix B - Proxy Forms: Standard forms for appointing proxies
7. Appendix C - Board Committee Charters: Terms of reference for various board committees
Authors
Technology
Manufacturing
Retail
Healthcare
Financial Services
Real Estate
Education
Entertainment
Agriculture
Energy
Transportation
Professional Services
Construction
Hospitality
E-commerce
Telecommunications
Legal
Corporate Secretarial
Compliance
Corporate Affairs
Board of Directors
Executive Leadership
Finance
Risk Management
Administrative
Corporate Governance
CEO
Company Secretary
Legal Counsel
Corporate Lawyer
Compliance Officer
Chief Financial Officer
Board Director
Managing Director
Company Founder
Corporate Governance Officer
Business Development Manager
Risk Management Officer
Legal Administrator
Corporate Affairs Manager
Business Owner
Startup Founder
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