A legally binding agreement between your company and its internal members that defines rules related to internal governance, business activities and rights and obligations of its internal members.
It is submitted as part of a company’s incorporation process.
A company constitution has the following components:
Moreover, having a defined constitution in your company documentation may empower your company to perform certain actions that are not defined with the relevant company legislation in your jurisdiction.
For instance, it enables your company to acquire shares from existing shareholders and restrict transfer of shares.
A company constitution enables your company to:
A company constitution is important for an event tomorrow, as it helps: