Section 8: Section 8: Articles of Association
Article 49 - Standard articles of association
(1) TheCRO may from time to time prescribe a set of model articles of association (which shall be in the English language) to be known as the standardLLC articles of association.(2) If theCRO prescribes standard articles of association, anLLC may, by reference, adopt for its articles of association the whole of the standard articles of association or may, by reference, adopt for its articles of association the standard articles of association subject to such amendments as may be set out in its articles of association or may incorporate by reference in its articles of association such parts of the model articles of association as it shall deem fit.(3) If the standard articles of association are altered by theCRO , the alteration will not affect the articles of association of anLLC registered before the alteration takes effect.Article 50 - Alteration of articles of association
(1) AnLLC may bySpecial Resolution alter the provisions of its articles of association.(2) Alterations so made to the articles of association shall have effect from the time of the passing of theSpecial Resolution or such later time as shall be specified in it.(3) Any alteration to the articles of association must be registered on thePrescribed Form , accompanied by the payment of thePrescribed Fee , with theCRO within 21 days of theSpecial Resolution to alter it being passed by theMembers .Amended by QFCA RM2012-1 (as from 11th April 2012) Article 51 - Articles binding on LLC and Members
(1) Subject to the provisions of theseRegulations , the articles of association when registered with theCRO bind anLLC and itsMembers to the same extent as if they had been executed by theLLC and by eachMember , and contained covenants on the part of theLLC and eachMember to observe all the provisions of the articles of association.(2) AMember of anLLC is not bound by an alteration made in the articles of association after the date on which he became aMember , if and so far as the alteration:(A) requires him to take or subscribe for moreShares than the number held by him at the date on which the alteration is made; or(B) in any way increases his liability as at that date to contribute to theLLC's share capital or otherwise pay money to theLLC .(3) AnLLC shall, upon request by aMember , send suchMember a copy of its articles of association including all alterations thereto, subject to theMember paying the reasonable cost thereof.