{"id":6315,"date":"2021-05-10T10:50:14","date_gmt":"2021-05-10T02:50:14","guid":{"rendered":"http:\/\/www.biztreemgmt.com\/wordpress\/?p=6315"},"modified":"2022-09-21T22:54:13","modified_gmt":"2022-09-21T14:54:13","slug":"what-is-important-clause-inside-company-constitution","status":"publish","type":"post","link":"http:\/\/www.biztreemgmt.com\/wordpress\/what-is-important-clause-inside-company-constitution\/","title":{"rendered":"What is Important Clause inside Company Constitution"},"content":{"rendered":"\n<p>Company constitution or formerly known as Company Memorandum and Article of Association (MA) is the compulsory legal documents for all Singapore registered company .<\/p>\n\n\n\n<p>Company Constitution form binding agreement between Company and shareholder and among the shareholder themselves. <\/p>\n\n\n\n<p>You may draft your own copy  or used <a href=\"https:\/\/www.acra.gov.sg\/docs\/default-source\/default-document-library\/how-to-guides\/setting-up-a-local-company\/model-constitution-for-pte-ltd-company-(standard-3).pdf\">ACRA model constitution<\/a> .<\/p>\n\n\n\n<p>The following is the mandatory information for all Company : <\/p>\n\n\n\n<ul><li> Company Name <\/li><\/ul>\n\n\n\n<ul><li>Registered address <\/li><\/ul>\n\n\n\n<ul><li>Subscriber shares detail information ( name, residential address ,number of subscribe shares and value ) <\/li><li><\/li><li> Liability Clause ( for company limited by share, it should  stated clearly Shareholder liabilities only limit to the agreed amount invested in the company )<\/li><\/ul>\n\n\n\n<p>Above information will remain the same although change in company name, registered address , shareholder occur at later time .<\/p>\n\n\n\n<p>Business profile is the only documents for up to date company information . <\/p>\n\n\n\n<p>Aside above information,  Company Constitution should consist list of regulation how the company should manage accordingly to the following basic clause : <\/p>\n\n\n\n<p><strong>QUORUM<\/strong><\/p>\n\n\n\n<p>Quorum is part of decision making structure .<\/p>\n\n\n\n<p>Normally Quorum required 2 attendance and Company can change their quorum from time to time .<\/p>\n\n\n\n<p><strong>COMPANY DIRECTOR<\/strong> <strong> <\/strong><\/p>\n\n\n\n<ul><li>Appointment and resignation regulation <\/li><\/ul>\n\n\n\n<ul><li>Duties and scope of power <\/li><\/ul>\n\n\n\n<ul><li>Share qualification :  Some of company required director to hold share. <\/li><\/ul>\n\n\n\n<p><strong>TYPE OF MEETING <\/strong><\/p>\n\n\n\n<ul><li>Annual General meeting (AGM) and Extraordinary General Meeting (EGM)<\/li><li> regulation in calling for meeting<\/li><li>regulation in holding the meeting <\/li><\/ul>\n\n\n\n<p><strong>SHARE CAPITAL CLAUSE<\/strong><\/p>\n\n\n\n<ul><li> Procedure  in issue shares, transfer shares, calls on shares etc   <\/li><\/ul>\n\n\n\n<ul><li>Shareholder right ( voting right , right to attend meeting etc) <\/li><\/ul>\n\n\n\n<p class=\"has-text-align-left\">Some of the company find that Company constitution is published documents ( anyone can purchase from ACRA ) so Shareholder Agreement is prepared <\/p>\n\n\n\n<p>Related Article : <a href=\"http:\/\/www.biztreemgmt.com\/wordpress\/what-is-shareholder-agreement-2\/\">what is Shareholder Agreement <\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><em> <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company constitution or formerly known as Company Memorandum and Article of Association (MA) is the compulsory legal documents for all Singapore registered company . Company Constitution form binding agreement between Company and shareholder and among the shareholder themselves. You may draft your own copy or used ACRA model constitution . The following is the mandatory<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[165],"tags":[237,435,434,239],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Important Clause inside Company Constitution<\/title>\n<meta name=\"description\" content=\"Company constitution or formerly known as Company Memorandum and Article of Association (MA) is the compulsory documents for all Company .\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.biztreemgmt.com\/wordpress\/what-is-important-clause-inside-company-constitution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Important Clause inside Company Constitution\" \/>\n<meta property=\"og:description\" content=\"Company constitution or formerly known as Company Memorandum and Article of Association (MA) is the compulsory documents for all Company .\" \/>\n<meta property=\"og:url\" content=\"http:\/\/www.biztreemgmt.com\/wordpress\/what-is-important-clause-inside-company-constitution\/\" \/>\n<meta property=\"og:site_name\" content=\"Biztree Management\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-10T02:50:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-21T14:54:13+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"http:\/\/www.biztreemgmt.com\/wordpress\/#organization\",\"name\":\"biztree management pte ltd\",\"url\":\"http:\/\/www.biztreemgmt.com\/wordpress\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"http:\/\/www.biztreemgmt.com\/wordpress\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2022\/02\/BizTree_Logo_200.png\",\"contentUrl\":\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2022\/02\/BizTree_Logo_200.png\",\"width\":200,\"height\":200,\"caption\":\"biztree management pte ltd\"},\"image\":{\"@id\":\"http:\/\/www.biztreemgmt.com\/wordpress\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"http:\/\/www.biztreemgmt.com\/wordpress\/#website\",\"url\":\"http:\/\/www.biztreemgmt.com\/wordpress\/\",\"name\":\"Biztree Management\",\"description\":\"Got question ? 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