Articles (MBO)—checklist


Published by a UUÂãÁÄÖ±²¥ Corporate expert
Checklists

Articles (MBO)—checklist


Published by a UUÂãÁÄÖ±²¥ Corporate expert

Checklists
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Objects

Is it necessary or appropriate for the company to restrict its objects? If the company was incorporated before 1 October 2009, check if any of the objects stated in its memorandum of association need deleting (by way of a members’ special resolution).

Application of model articles

Determine if the model articles are to apply to the company. If the company was incorporated before 1 October 2009, consider whether Table A should still apply (if not previously amended).

Determine what, if any, of the model articles should not apply to the company.

Board of directors

How many directors will be on the board?

Which of the managers will be directors?

How many directors will the investor have the right to appoint to the board?

What is the quorum for board meetings? Does the chair (or other director) have a second or casting vote?

Are fees payable to the investor directors and/or chair? If so, what are they?

Set out administrative matters relating to the board (eg frequency of meetings, location, quorum, minimum notice, agenda of meetings, alternates)?

What

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Jurisdiction(s):
United Kingdom

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