Here are types of Articles of Association as per law:

Statutory Articles

1. Mandatory provisions required by law.
2. Standardized articles for companies incorporated under specific laws (e.g., Companies Act).
3. Typically include basic provisions on company structure, share capital, and director responsibilities.

Supplemental Articles

1. Additional provisions beyond statutory requirements.
2. Customized to meet specific company needs.
3. May include provisions on share option schemes, dividend policies, or management structure.

Customized Articles

1. Tailored to specific company needs and objectives.
2. May include unique provisions on governance, finance, or operations.
3. Often used by private companies or those with complex structures.

Model Articles

1. Pre-drafted articles provided by regulatory authorities.
2. Serve as a template for companies.
3. Typically include basic provisions with optional additions.

Amended Articles

1. Revised articles reflecting changes to company operations or structure.
2. May include updates to share capital, director appointments, or financial reporting.
3. Require shareholder and regulatory approval.

Consolidated Articles

1. Combined articles from multiple companies (e.g., mergers and acquisitions).
2. Incorporate provisions from predecessor companies.
3. Require approval from regulatory authorities.

Special Articles

1. Used for specific purposes, such as:
– Share buybacks
– Convertible notes
– Preference shares
2. Typically require regulatory approval.

Standard Articles

1. Pre-drafted articles used by companies in specific industries (e.g., banking, insurance).
2. Include industry-specific provisions.
3. May require regulatory approval.

Template Articles

1. Pre-drafted articles used as a starting point.
2. May require customization to fit specific company needs.
3. Often used by startups or small businesses.

Best Practices for Drafting Articles of Association

1. Seek professional advice.
2. Use plain language.
3. Organize logically.
4. Review and revise.
5. Ensure compliance with regulatory requirements.

Consult with legal professionals to ensure your company’s Articles of Association accurately reflect its specific needs and comply with relevant laws and regulations.