A document that provides the details of the internal running of a limited company

A document that provides the details of the internal running of a limited company

• A. Certificate of Incorporation
• B. Articles of Association
• C. Deed of Partnership
• D. Memorandum of Association

Answer: (B)

The focus here is on how a limited company is governed from within. The document that sets out the internal rules for running the company—how decisions are made, how directors are appointed and removed, how meetings and voting work, and how shares can be transferred—is the Articles of Association. It acts as the rulebook for the company’s day-to-day governance and internal management. The other documents serve different purposes: a Certificate of Incorporation is evidence that the company has been legally formed; a Deed of Partnership relates to partnerships, not limited companies; and a Memorandum of Association historically defined the company’s external scope and relationship with outsiders. The internal management rules are specifically laid out in the Articles of Association, which is why that choice is the best answer.

The focus here is on how a limited company is governed from within. The document that sets out the internal rules for running the company—how decisions are made, how directors are appointed and removed, how meetings and voting work, and how shares can be transferred—is the Articles of Association. It acts as the rulebook for the company’s day-to-day governance and internal management.

The other documents serve different purposes: a Certificate of Incorporation is evidence that the company has been legally formed; a Deed of Partnership relates to partnerships, not limited companies; and a Memorandum of Association historically defined the company’s external scope and relationship with outsiders. The internal management rules are specifically laid out in the Articles of Association, which is why that choice is the best answer.