Single Member Company (SMC) – Articles of Association

 

Articles of Association   of ___________________ SMC.

ARTICLES OF ASSOCIATION

OF

………………………..…….. (SMC-PRIVATE) LIMITED

(Please enter the opening part of the name)

 

 

1. The Regulations as set out in part II of Table A of First Schedule of the Companies Act, 2017 (the “Act”) shall be the regulations of______________________________(SMC-Private) Limited (the “Company”). (Please enter the opening part of the name)

 

 

SINGLE MEMBER COMPANY

 

2. The company is a single member company and as such being a private company limited by

shares—

(a)        it shall not invite the public to subscribe for any shares of the company;

 

(b)        the company shall not register any share(s) in the name of two or more persons to

hold one or more shares jointly; and

 

(c)        number of the members of the company shall be limited to one.

 

SHARES

 

3. The company may alter its share capital in accordance with section 85 of the Act.

 

4. Share certificate shall be issued under the seal of the Company and shall be signed by the

member director or the non-member director, as the case may be.

 

 

DIRECTOR

 

5. The company shall always have the sole member or in case it is not a natural person its nominee, as a director but it may have such number of other director(s) who fulfil the conditions as specified in section 153 of the Act.Mr.___________________________ shall be the first director of the Company.

 

 

I, whose name and address is subscribed below, am desirous of forming a company in pursuance of these articles of association and agree to take the number of shares in the capital of the company as set opposite my name:

 

Name and surname (present & former) in full	NIC No. (incase of foreigner, Passport No)	Father’s/ Husband’s Name in full	Nationality (ies) with any former Nationality	Occupation	Usual residential address in full or the registered/ principal office address for a subscriber other than natural person	Number of shares taken by the subscriber (in figures and words)	Signatures

 

 

Dated the day of_——————_, 20—–____

 

Witness to above signatures:       (For the documents submitted in physical form)

 

Signatures
Full Name (in Block Letters)
Father’s/ Husband’s name
Nationality
Occupation
NIC No.
Usual residential address