What are the different clauses of memorandum of association?

Memorandum of Association (MOA) includes six different clauses as mentioned below:

• Name Clause.
• Domicile Clause.
• Objects Clause.
• Liability Clause.
• Capital Clause.
• Subscription Clause.

What is Memorandum of Association Class 12?

Answer: Memorandum of Association is the most important document. It defines the objectives of the company and determines the boundary line, with in which the company has to perform tasks. A company is not legally entitled to undertake an activity, which is beyond the objects stated in this clause.

What is Memorandum of Association Byjus?

The Memorandum of Association is the principal document of a company. It lays down the powers and objects of the company as well as the scope of operations at the company beyond which it cannot operate.

What is Memorandum of Association under Companies Act 2013?

The memorandum of association of a company is an important corporate document in India. It is the document that regulates the company’s external affairs, and complements the articles of association which cover the company’s internal constitution. …

What is articles and memorandum of association?

The memorandum of association is the document that sets up the company and the articles of association set out how the company is run, governed and owned. The articles of association includes the responsibilities and powers of the directors and the means by which the members exert control over the board of directors.

What is Memorandum of Associations Act 1956?

INTRODUCTION. The memorandum of association is a document of great importance in relation to the proposed company. It contains the fundamental conditions upon which alone the company is allowed to be incorporated.

What is memorandum of association discuss the importance of object clause and how it can be altered?

The Memorandum of Association (MOA) of a company has object clauses that determine the purpose and range of activities of a company. Ever clause on the MOA can be altered (with the exception of capital clause which requires an ordinary resolution to be passed) by passing a special resolution as mentioned in section 13.