constitutive act the company meaning
How to draft a company constitution What is a company constitution? The constitution is a formal document, drawn up by those applying to register the company, that sets out the rules for running the company. If a constitution has been adopted, it must be filed with the Companies Office in order for the company to be registered and incorporated with that constitution. Before the COMPANIES ACT 1993, the constitution was known as the Articles of Association. (For more information on registering and incorporating a company, see related article How to form a company). Is a company required to have its own constitution? No, there is no requirement for a company to have a constitution. It is up to those forming the company to decide whether or not they will draw up a constitution for it. If there is no constitution then the company is governed by the COMPANIES ACT 1993.