6 - Company's constitution Flashcards
1
Q
Articles of association is a contract between…
A
Contract between the company and shareholders, and shareholders themselves
2
Q
How to change articles?
A
Special resolution
3
Q
What is a shareholder’s agreement?
A
contract between some or all of the SH s agreeing how to regulate the affairs of their company
personal obligation
4
Q
What happens when a shareholder’s agreement is breached?
A
Contractual remedy = damages
