what is memorandum of association

The memorandum of association of a company is an important corporate document in India. It is often simply referred to as the memorandum. In India, it has to be filed with the Registrar of Companies during the process of incorporating a company.

It is the document that regulates the company’s external affairs and complements the articles of association which cover the company’s internal constitution. It contains the fundamental conditions under which the company is allowed to operate. Until recently it had to include the “objects clause” which let the shareholders, creditors and those dealing with the company know what is its permitted range of operation, although this was usually drafted very broadly. It also shows the company’s Authorised capital. Read some important aspects of the same.

A Memorandum of Association (MOA) is an important document that outlines the company laws under which a company will work and function. It has several clauses which define some pertinent aspects under the provision of The Companies Act, 2013 which are as follows:-

1. Name Clause

2. Situation/ Registered State Clause

3. Object clause

4. Liability clause

5. Capital Clause

6. Subscriber Clause

 

 

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