Articles of association—joint venture company—deadlock (50:50)

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Articles of association—joint venture company—deadlock (50:50)
  • 1 Model Articles
  • 2 Definitions and Interpretation
  • 3 Number of Directors
  • 4 Appointment and Removal of Directors
  • 5 Alternate Directors
  • 6 Proceedings of Directors
  • 7 Directors’ Interests
  • 8 Company Secretary
  • 9 Share Capital
  • More...

Articles of association—joint venture company—deadlock (50:50)

Private Company Limited By Shares

Articles of Association of [insert name of company] Limited (the Company)

(Incorporated in England and Wales under registered no. [insert number])

(Adopted by Special Resolution passed on [insert date] 20[insert year])

    1. 1

      Model Articles

      1. 1.1

        The Model Articles shall apply to the Company, except insofar as they are modified or excluded by these Articles or are inconsistent with these Articles and, subject to any such modifications, exclusions or inconsistencies, shall together with these Articles constitute the articles of association of the Company to the exclusion of any other articles or regulations set out in any statute or in any statutory instrument or other subordinate legislation.

      1. 1.2

        The whole of Model Articles 6(2) (committees), 7 (directors to take decisions collectively), 8 (unanimous decisions), 9(3) and 9(4) (calling a directors’ meeting), 11(2) and 11(3) (quorum for directors’ meetings), 12 (chairing of directors’ meetings), 13 (casting vote), 14(1–5) (conflicts of interest), 16 (directors’ discretion to make further rules), 17 (methods of appointing directors), 22 (powers to issue different classes of shares), 26(5) (share transfers), 27–29 (transmission of shares), 36 (authority to capitalise and appropriation of capitalised sums), 39 (chairing meetings), 44(2) (voting), 43 (errors and disputes), 50 (no right to inspect accounts and other records), 51 (provision for employees), 52 (indemnity) and 53 (insurance) shall not apply to the Company.

    1. 2

      Definitions and Interpretation

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