(i)*Shareholder Rights and Obligations**: - Changes in the rights of shareholders, such as voting rights, dividend distribution, or share transfer procedures, can be amended.
(ii). Director's Powers and Duties**: - The AOA may define the roles, powers, appointment process, and responsibilities of directors. Amendments here could involve changes to the powers of directors or the procedure for appointing/removing directors.
(iii).*Decision-Making Processes**: - This includes the rules for conducting meetings (AGMs, board meetings, etc.), quorum requirements, and voting procedures.
(iv). Dividend Policy**: - The AOA may specify how and when dividends will be paid to shareholders. Any changes in the dividend distribution process would require an amendment.
(iv)**Share Capital and Shareholder Meetings**: - Any changes to share classes, issuance of new shares, rights of shareholders, or rules around shareholder meetings can be amended.
(iii).**Company's Management Structure**: - Modifications can include the appointment and removal of managers, officers, or other key personnel in the company.
(iv). **Indemnification and Liability Clauses**: - Any change in terms regarding indemnification of directors, officers, or shareholders can be included.
(iv)Amendment Process: - **Board Resolution**: To amend the AOA, the company usually passes a board resolution. However, the proposed amendments must be approved by a special resolution in a general meeting of the shareholders.