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An important step to the formation of a company is to prepare a document called the Articles of Association. It has been stated in Section

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An important step to the formation of a company is to prepare a document called the Articles of Association. It has been stated in Section 415 (2] of the Companies Act 21315 as: \"A Company must adopt Articles of Association under which the internal management of a Company is governed." Therefore, you are required to write an essay highlighting the following: I Explain the objectives and importance of Articles of Association I Critically evaluate any re {5) items this document includes and their relevance to the operation of companies. mint: for selecting any ve offliese items, rare? to schedule .2 of the Companies Act 201.5. Also refer to Appendix A as shown below}. I Critically evaluate the rules applied in respect to adopting new Articles of Association or modifying existing Articles of Association as per the Companies Act of Fiji 2'01 5. I Conclude by stating the benets and drawbacks of using this document and its userlness (if any) to govern the operations of a company

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