Once the Articles of Association come into effect, it is legally binding. The company rules and regulations of the articles of association determine the effectiveness of the articles of association on the company and its shareholders, and at the same time bind the directors, supervisors and managers of the company.
The articles of association are the basic principles of company organization and behavior, and the company must abide by and implement the articles of association. According to the articles of association, the company has obligations to shareholders. Therefore, once the company infringes the rights and interests of shareholders, shareholders can bring a lawsuit against the company according to the company's articles of association.
Extended data:
In any of the following circumstances, the company shall amend the Articles of Association:
1. After the Company Law or relevant laws and administrative regulations are revised, the matters stipulated in the Articles of Association conflict with the provisions of the revised laws and administrative regulations;
2. The company's situation changes, which is inconsistent with the matters recorded in the articles of association;
3. The shareholders' meeting decided to amend the Articles of Association.
Baidu Encyclopedia-Articles of Association