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Articles Of Association And Memorandum Of Association
"I need Articles of Association and Memorandum of Association for an Irish tech startup that will allow for multiple share classes, include provisions for employee share options, and facilitate future VC investment rounds planned for Q3 2025."
1. Memorandum of Association: States the company's name, registered office location, objects clause (if any), statement of limited liability, and share capital details
2. Interpretation: Defines key terms used throughout the documents and sets rules for interpretation
3. Share Capital and Variation of Rights: Details the company's share capital structure, classes of shares, and rights attached to different share classes
4. Share Certificates: Procedures for issuing and replacing share certificates
5. Lien on Shares: Company's rights over shares where shareholders owe money to the company
6. Calls on Shares: Procedures for requiring shareholders to pay unpaid amounts on partly paid shares
7. Transfer of Shares: Rules and procedures for transferring shares between parties
8. Transmission of Shares: Procedures for handling shares in case of death or bankruptcy of a shareholder
9. Forfeiture of Shares: Circumstances and procedures for share forfeiture
10. General Meetings: Rules for calling and conducting shareholder meetings
11. Proceedings at General Meetings: Procedures for conducting meetings, voting, and passing resolutions
12. Directors: Appointment, removal, powers, and duties of directors
13. Directors' Meetings: Procedures for board meetings and decision-making
14. Secretary: Appointment and duties of the company secretary
15. Dividends and Reserves: Rules for declaring and paying dividends
16. Accounts: Requirements for maintaining and auditing company accounts
17. Capitalisation of Profits: Procedures for converting profits into capital
18. Notices: Rules for giving notices to members
19. Winding Up: Procedures for company dissolution and asset distribution
20. Indemnity: Protection of officers and directors from liability
1. Pre-emption Rights: Detailed provisions for existing shareholders' rights to purchase new shares - typically included for private companies
2. Tag-Along and Drag-Along Rights: Special provisions for share sales, typically included in companies with significant shareholders
3. Class Rights: Specific rights attached to different share classes - included when company has multiple share classes
4. Electronic Communications: Provisions for electronic notices and meetings - recommended for modern companies
5. Share Option Schemes: Framework for employee share options - included if company plans to offer employee equity
6. Alternate Directors: Provisions for appointing alternate directors - useful for larger boards
7. Committees: Rules for establishing and operating board committees - typically for larger companies
8. Cross-Border Mergers: Provisions for international mergers - relevant for companies with international operations
1. Share Capital Schedule: Details of initial subscribers and their shareholdings
2. Model Articles Modifications: Specific modifications to standard articles for the company's needs
3. Share Rights Schedule: Detailed description of rights attached to different share classes
4. Directors' Powers Schedule: Specific limitations or extensions to directors' standard powers
5. Reserved Matters Schedule: List of decisions requiring special approval
6. Proxy Form: Standard form for appointing proxies at general meetings
7. Share Certificate Template: Standard form of share certificate
8. Company Seal Rules: Rules for use and custody of the company seal
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