LLC Articles Of Incorporation

LLC Articles Of Incorporation Template for India

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Key Requirements PROMPT example:

"I need LLC Articles of Incorporation for a technology startup in Bangalore that will receive foreign investment from US venture capital firms, planning to commence operations in March 2025, with specific provisions for multiple share classes and investor protection rights."

Document background

The LLC Articles of Incorporation is a mandatory document required when establishing a limited liability company in India. It must be filed with the Registrar of Companies as part of the company incorporation process under the Companies Act, 2013. This document serves as the company's constitutional document, defining its purpose, structure, and internal regulations. It includes essential information such as the company's objectives, share capital details, management structure, and procedural requirements for corporate actions. The Articles become binding upon registration and govern the relationship between the company, its shareholders, and directors. Any company seeking to incorporate in India must carefully draft these Articles to ensure compliance with local laws while meeting their specific business needs and objectives.

Suggested Sections

1. Name and Registered Office: States the approved name of the company and the complete address of its registered office

2. Objects of the Company: Details the main objects and ancillary objects for which the company is established

3. Liability of Members: Clearly states that the liability of members is limited to their shareholding

4. Share Capital: Specifies the authorized share capital of the company and types of shares

5. Directors and Management: Establishes the initial directors and basic management structure

6. General Meetings: Rules for conducting shareholders' meetings, voting rights, and procedures

7. Board Meetings: Procedures for conducting board meetings and decision-making processes

8. Share Transfer and Transmission: Rules governing the transfer and transmission of shares

9. Dividends and Reserves: Provisions regarding declaration of dividends and maintenance of reserves

10. Accounts and Audit: Requirements for maintaining accounts and conducting audits

Optional Sections

1. Different Classes of Shares: Include when the company plans to issue different classes of shares with varying rights

2. Pre-emptive Rights: Include when existing shareholders should have first right to purchase new share issues

3. Tag-Along Rights: Include when minority shareholders should have the right to join in the sale of shares by majority shareholders

4. Drag-Along Rights: Include when majority shareholders should have the right to force minority shareholders to join in the sale of shares

5. Corporate Social Responsibility: Include when company meets criteria requiring CSR activities under Companies Act

6. Electronic Communications: Include specific provisions for conducting meetings and communications electronically

7. Foreign Investment Provisions: Include when foreign investment is expected or planned

Suggested Schedules

1. Subscriber Information: Details of initial subscribers including their shareholding and contact information

2. Initial Directors: List of first directors with their DIN, address and other required details

3. Share Capital Structure: Detailed breakdown of share classes and rights if multiple share classes exist

4. Forms and Declarations: Standard forms for share transfers, proxy appointments, and other corporate actions

5. Adoption Certificate: Certificate confirming adoption of the Articles by subscribers

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology

Manufacturing

Financial Services

Healthcare

Retail

Real Estate

Professional Services

Education

Agriculture

Entertainment

Transportation

Energy

Construction

Telecommunications

Hospitality

Relevant Teams

Legal

Corporate Secretarial

Compliance

Corporate Affairs

Board of Directors

Executive Leadership

Risk Management

Corporate Governance

Business Development

Relevant Roles

CEO

Company Secretary

Chief Legal Officer

Corporate Lawyer

Compliance Officer

Board Director

Managing Director

Chief Financial Officer

Corporate Governance Officer

Legal Counsel

Business Development Manager

Founder

Entrepreneur

Corporate Affairs Manager

Risk Manager

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