F.W.Taylor

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Frederick Winslow Taylor also known as F.W.Taylor. frederick Winslow Taylor was an american mechanical engineer. f.w.taylor was born on march 20,1856 .He was the one of the first financial consultants.he is alsoKnown for"Father"of the Scientific management & Efficiency Movement, Father of Industrial Engineering.Taylor was the son of a lawyer. He entered Phillips Exeter Academy in New Hampshire in 1872. In 1911, Taylor summed up his efficiency techniques in his book ' The Principles of Scientific Management'. Taylor was also an athlete who competed nationally in tennis. His occupation was Efficiency expert Management consultant. He got the Awards of Elliott Cresson Medal (1902).
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Articles of Association - form ,content, meaning

 Articles of association

the 'Articles of Association' also called 'Articles'.Articles of Association is the second important document which has to be filed with the registrar at the time of registration of country.this document contains a set of rules , regulations and bye-laws for the internal management of the company , these rules and regulations are framed for the purpose of  carrying out the objects of the company as stated as in the 'Memorandum of Association'.

Form of Articles of Association

the forms of 'Articles of association' are given in tables F,G.H.I and J in schedule I of companies act ,2013
  • Table F   -Articles of Association of A company limited by share
  • Table G  -Articles of Association of A company limited by Guarantee and having a share capital
  • Table H  -Articles of Association of A company limited by Guarantee and not having a share capital 
  • Table I    -Articles of Association of A unlimited company and having a share capital
  • Table J   -Articles of Association of A unlimited company and not having a share capital

Contents of articles of association

  1. Definition of important terms and phrases.
  2. Adoption or Execution of pre-incorporation contracts .
  3. share capital and rights of share holders.
  4. allotment of shares.
  5. Procedure as to making of calls on share.
  6. Procedure as to forfeiture of shares.
  7. Transfer of shares.
  8. Lien on shares.
  9. Share certificate and share warrants.
  10. Alteration of share capital.
  11. Conversion of shares into stocks.
  12. Dividend, reserves and capitalisation of profits.
  13. Appointment of managerial personnel eg.. directors, managing directors etc..
  14. Meetings.
  15. Borrowing powers.
  16. Accounts and audit.
  17. Common seal of the company.
  18. Voting rights and proxies .
  19. Winding up of the company. 

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