Part 3: Limited Liability Companies
- Section 1: Establishment and Corporate Capacity
- Section 2: Incorporation and Registration
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Section 3: Members and Share Capital
- Article 19 - Members
- Article 20 - Rectification of register of Members
- Article 21 - Allotment of Shares
- Article 22 - Return as to allotments
- Article 23 - Prohibition on allotment of Shares at a discount
- Article 24 - Transfer of Shares
- Article 25 - Issue of certificates
- Article 26 - Share premium account
- Article 27 - Rights attaching to Shares
- Article 28 - Alteration of share capital
- Article 29 - Class rights
- Article 30 - Reduction of share capital
- Article 31 - Redemption or purchase of own Shares
- Article 32 - Power of an LLC to purchase own Shares
- Article 33 - Prohibition of financial assistance
- Article 34 - Dividends and other distributions
- Article 35 - Consequences of an unlawful dividend or other distribution
- Section 4: Names and Change of Names
- Section 5: Registered Office
- Section 6: Formalities of Carrying on Business
- Section 7: Annual Return
- Section 8: Articles of Association
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Section 9: Directors and Secretary
- Article 52 - Appointment of directors
- Article 53 - Removal of directors
- Article 54 - Powers of directors
- Article 55 - Duties of directors
- Article 56 - Directors' interests
- Article 57 - Prohibition of financial assistance to directors
- Article 58 - Payment to directors for loss of office
- Article 59 - Validity of acts of director
- Article 60 - Appointment of secretary
- Article 61 - Exemption, indemnification and liability of Officers
- Article 62 - Insurance of Officers
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Section 10: Meetings and Resolutions
- Article 63 - General meetings
- Article 64 - CRO's power to call meeting in default
- Article 65 - Requisition of general meetings
- Article 66 - Notice of meetings
- Article 67 - General provisions as to meetings and votes
- Article 68 - Proxies
- Article 69 - Right to demand a poll
- Article 70 - Representation of Entity at meetings
- Article 71 - Circulation of Members' resolution
- Article 72 - Conditions to be met before LLC bound to give notice of resolution
- Article 73 - Resolutions in writing of Members
- Article 74 - Directors meetings and written resolutions
- Article 75 - Participation in meetings
- Article 76 - Minutes
- Article 77 - Filing of resolutions
- Article 78 - Recording of decisions by sole Member
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Section 11: Accounting and Audit Requirements
- Article 79 - Maintenance of Accounting Records
- Article 80 - Location of Accounting Records
- Article 81 - Financial year of an LLC
- Article 82 - LLC accounts
- Article 83 - Provision of copy of accounts to Members
- Article 84 - Publication of accounts
- Article 85 - Qualification of auditor
- Article 86 - Appointment and removal of auditor
- Article 87 - Remuneration of auditor
- Article 88 - Resignation of an auditor
- Article 89 - Auditor's report to LLC
- Article 90 - Powers and duties of auditor
- Article 91 - Auditor's right to information
- Article 92 - Obstruction of auditor