What are the main points of distinction between the Memorandum of Association and the Articles of Association of a company?

A Memorandum of Association is a document that contains all the conditions which are required for the registration of the company. Articles of Association is a document that contains the rules and regulations for the administration of the company.

What are the objects of memorandum of association?

Object of registering a Memorandum of Association or MOA The MOA of a company contains the object for which the company is formed. It identifies the scope of its operations and determines the boundaries it cannot cross. It is a public document according to Section 399 of the Companies Act, 2013.

What is the difference between memorandum and article of association?

Memorandum of Association is a document that contains all the fundamental information which is required for the incorporation of the company. Articles of Association are a document containing all the rules and regulations that governs the company.

What is the difference between memorandum of association and memorandum of incorporation?

For pre-existing companies any existing Memorandum of Association and Articles of Association are deemed to be replaced by the Memorandum of Incorporation (MOI). However, pre-existing companies must formally replace their M&A with a Memorandum of Incorporation (MOI) in order to bring the company in line with the Act.

What is the meaning of memorandum of association?

A Memorandum of Association (MoA) represents the charter of the company. It is a legal document prepared during the formation and registration process of a company to define its relationship with shareholders and it specifies the objectives for which the company has been formed.

Is memorandum of association a contract?

Memorandum of Association is a legal document which describes the purpose for which the company is formed. Thus, if a person wants to enter into any contracts with the company, all he has to do is pay the required fees to the Registrar of Companies and obtain the Memorandum of Association.

What is the difference between business organizations and associations?

It basically says that an association is a group of people who share common interests, whereas an organisation is a group of people with defined roles and functions.

What is the difference between Articles of Association and articles of incorporation?

What Are Articles of Incorporation? Filing Articles of Incorporation with the state agency (usually the secretary of state) is the first step in forming a corporation. The Articles of Association, also known as Certificate of Incorporation in some states, are the charter to create a corporation.

What is the difference between Memorandum and article of association?

What is the difference between Memorandum of Association and Articles of Association Class 11?

Memorandum of association defines the objects for which the company is formed. Articles of association are rules of internal management of the company. They indicate how the objectives of the company are to be achieved. This is the main document of the company and is subordinate to the companies Act.

What is Memorandum of Association explain all the clauses of memorandum?

A memorandum of association (MOA) contains a name clause, registered office or business location clause, objective or objects clause, liability clause, capital clause, as well as an association clause. The purpose of an MOA is to explain a business’s relationship with all its stakeholders.