The articles of association, like the company law, bear the responsibility of adjusting the company's activities. This requires that the shareholders and promoters of the company must be considerate and clearly defined when formulating the articles of association, and cannot make various understandings.
1, legality. Legitimacy mainly emphasizes the legal status, main contents, modification procedures and effectiveness of the articles of association, which are mandatory by law and no company may violate. Articles of association is one of the necessary conditions for the establishment of a company. No matter whether a limited liability company or a joint stock limited company is established, all shareholders or promoters must conclude articles of association and submit them to the company registration authority for registration.
2. authenticity. Authenticity mainly emphasizes that the contents recorded in the company's articles of association must be objective and consistent with reality.
Expand the legal effect of information
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. China's "Company Law" stipulates: "The articles of association of the company must be formulated in accordance with this law." The Articles of Association are binding on the Company, shareholders, directors, supervisors and managers.
Impact on 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.
Impact on shareholders
These Articles of Association are the company's autonomous regulations. Every shareholder, whether participating in the formulation of the initial articles of association or later joining the company by subscribing or transferring shares of the company, is bound by this contract. Shareholders must abide by the articles of association and have obligations to the company.
Baidu Encyclopedia-Articles of Association