No. The articles of association of the company are one of the statutory documents of the company, the basis of the company’s internal management system and rules, and the cornerstone of the company’s legal existence and operation. According to the company laws of different countries and regions, the articles of association must be formulated when a company is established and filed with the local company registration authority. A legal company cannot be formed without a charter.
The Articles of Association are very important for the management and operation of a company, and it stipulates the rules and regulations for the company’s governance structure, shareholders’ rights, responsibilities of the board of directors, financial management, equity transactions, etc. The Articles of Association also set out the procedures and rules for the dissolution and liquidation of a company. Without the Articles of Association, the company will not be able to legally carry out its business activities and will not be able to legally protect its rights and interests.
Therefore, if you want to set up a legal company, you must draw up the articles of association and file them with the local company registration authority. At the same time, it is advisable to consult a professional lawyer or accountant when formulating the articles of association to ensure that the articles of association comply with local legal and regulatory requirements.
