What is the Importance of articles of associations of a company?

Articles of

Association, the second important document of a company, contain

rules, regulations and bye-laws for the internal administration of

the company. The articles regulate the internal management of the

company.

Articles define

the powers of the directors and other officers of the company.

Articles also govern the relationship between the company and its

constituent members by prescribing the rights and obligations of

the members of the company.