New articles of association

The new form of articles of association for private companies limited by shares was introduced on 1 October 2009 as a key change in company law. Directors and shareholders of companies formed after that date will be able to take advantage of the simplified procedures for running their business as set out in the new Model Articles.

There is no legal requirement for a company established before 1 October 2009 to change its articles, but its existing articles of association are unlikely to incorporate the new procedures. Consequently, directors and shareholders may be uncertain about the extent of their powers and thus increase the risk of a potential breach of the new legislation. We therefore recommend that you amend your company’s articles to be able to take advantage of the recent changes to company law.

For a special price of £75 plus VAT, we will help you adopt the Model Articles for your limited company and enable the company to take advantage of the new provisions of which, we believe, the following will be most relevant to you:

• replace the difficult to understand language of the existing memorandum and articles with user-friendly and easily understood English
• remove any limitation on the type of business the company can undertake
• remove the upper limit on the company’s share capital and allow the directors to issue new shares without permission of the shareholders
• make greater use of electronic communication with shareholders and hold electronic meetings, eg. by telephone, of the directors and of the shareholders
• take advantage of the new provisions in the Companies Act 2006 relating to the pre-authorisation of directors’ conflicts of interest.

To take advantage of this limited time offer and ensure that your company’s governing documents are up to date, go to new articles of association service page and place your order now.