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Have You Updated Your Articles of Association?

What are the reasons for updating your Articles of Association? Articles are adopted on incorporation and then often only referred to when there is a constitutional issue, keeping your Articles updated could prevent an issue from arising. Ideally, they are updated with each major update to Company law (this was 2006) and older Articles are often tricky to understand or have outdated clauses about having to hold an AGM or automatic pension entitlements for Directors.