Get Articles Association Companies Limited 2023-2024

Explanatory Notes to Sample A ARTICLES OF ASSOCIATION FOR PRIVATE COMPANIES LIMITED BY SHARES Simplified Form Sample A is a Simplified Form of Articles of Association for private companies limited by shares prepared on the assumption that the company adopting it will simplify its administration as far as possible under the Companies Ordinance Cap 622. Sample A THE COMPANIES ORDINANCE CHAPTER 622 Private Company Limited by Shares OF ENGLISH COMPANY NAME CHINESE COMPANY NAME Part A Mandatory Articles 1. Company Name The name of the company is 2. Members Liabilities The liability of the members is limited. 3. Liabilities or Contributions of Members 4. Share Capital and Initial Shareholdings on the company s formation The total number of shares that the company proposes 10 000 to issue The total amount of share capital to be subscribed by HKD10 000 the company s founder members i The amount to be paid up or to be regarded as paid up ii he amount to remain unpaid or to be T regarded as remaining unpaid HKD0 Ordinary company proposes to issue subscribed by the company s founder members I/WE the undersigned wish to form a company and wish to adopt the articles of association as attached and I/we respectively agree to subscribe for the amount of share capital of the Company and to take the number of shares in the Company set opposite my/our respective name s. For example a the company has only one class of shares and they are fully paid and b the directors do not appoint alternate directors. As a result it may be more appropriate for small owner-managed businesses. For the sake of brevity statutory provisions are as far as possible not repeated* Provisions on the following matters in the Model Articles of Association for private companies limited by shares prescribed in Schedule 2 of the Companies Model Articles Notice Cap* 622H Schedule 2 are not included in Sample A Committees Article 6 of Schedule 2 and the corresponding references in Schedule 2 Alternate directors Articles 15 28 to 30 of Schedule 2 and the corresponding references in Schedule 2 Composite resolution Article 24 of Schedule 2 Classes of shares Articles 55 and 57 of Schedule 2 and the corresponding references in Consolidated shares certificates Article 61 of Schedule 2 and the corresponding references in Schedule 2 and Auditors insurance Article 83 of Schedule 2. Companies may adopt Sample A as they see fit. Companies or their officers should consult their professional advisors on any matters which may affect them relating to or arising out of the adoption of the Articles of Association in Sample A. Sample A THE COMPANIES ORDINANCE CHAPTER 622 Private Company Limited by Shares OF ENGLISH COMPANY NAME CHINESE COMPANY NAME Part A Mandatory Articles 1. Company Name The name of the company is 2. Members Liabilities The liability of the members is limited* 3. Liabilities or Contributions of Members 4. Share Capital and Initial Shareholdings on the company s formation The total number of shares that the company proposes 10 000 to issue The total amount of share capital to be subscribed by HKD10 000 the company s founder members i The amount to be paid up or to be regarded as paid up ii he amount to remain unpaid or to be T regarded as remaining unpaid HKD0 Ordinary company proposes to issue subscribed by the company s founder members I/WE the undersigned wish to form a company and wish to adopt the articles of association as attached and I/we respectively agree to subscribe for the amount of share capital of the Company and to take the number of shares in the Company set opposite my/our respective name s.