Under the Companies Act, 2013, outline the precautions that must be observed while drafting the Articles of Association of a company.

Precautions to be taken while framing the Articles of Association: Under the Companies Act, 2013, following precautions to be taken while framing the Articles of Association; Articles of association must be divided into paragraphs and numbered consecutively. It shall not contain something that is contrary to the Memorandum of association. Anything that would be stated or amended in the Articles shall be in accordance with the Companies Act. For example - Section 272 of the Companies Act, 2013 states contributories right for presentation of petition of winding up of a company, in any circumstances this right cannot be limited/ restricted by the Articles. The Articles shall be signed by each subscriber of the Memorandum of association who shall add his address, description and occupation. Subscribers shall sign the Articles in the presence of at least one witness who shall attest the signature and shall likewise add his address, description and occupation.