Memorandum of Association

Memorandum of Association by Dr. S.M. Jiwankar

1. Memorandum of Association Dr. Sangita Jiwankar Associate Professor Dept of Commerce Dhanwate National College, Nagpur

2. MOA & AOA of the company are most important legal document of the company which provides general information at glance. When any company wants to registered itself with the respective ROC, then they have to make MOA & AOA duly signed by the company heads. It needs legal advise to make it better. Both are basic documents which tells about the company’s objective, capital, liability etc. Primary objective of both the document is to make aware to the investors by giving such important legal and authentic information at the time of investment

3. Memorandum of Association is the most important document of a company. It state the objects for which the company is formed. It contains the rights, privileges and powers of the company. MOA “Memorandum of Association” It determines the relationship between the company and the outsiders A company cannot undertake any business or activity not stated in the Memorandum. “The memorandum of association of a company is the charter and defines the limitation of the power of the company established under the act”

4. Meaning and definition Sec 2(56) of Company Act 2013,” Memorandum of Association of a company as originally framed or altered from time to time in pursuance of any previous Companies Law or of this act.” According to Cairns, “MOA of company is its charter and defines the limitation of the powers of the company

5. Purpose of Memorandum The prospective investor shall know the avenues where his money is going to be invested Outsiders dealing with the company will know the boundary and scope of powers of the company

6. Significance of Memorandum Fundamental condition upon which the company is allowed to be incorporated. Charter of the company and define the reason for existence. Defines the boundary and scope of work of enterprises

7. Printing and signing (rule 13) U/S 3(1) of Company Act 2013 At least seven person in case of public Company At least two person in case of private company At least one person in case of One Person Company Shall be printed. Computer printing is recognized.

8. Form of memorandum Table A for Company limited by Shares Table B for a Company limited by guaranty and not having share capital Table C for a company limited by guarantee and having share capital Table D for unlimited company but not having share capital Table E for unlimited company but having share capital

9. CONTENTS OF MOMERENDUM OF ASSOCIATION

10. Undesirable name is to be avoided a. Identical or near identical name b. Mislealing Prohibition of use of certain names

11. Publication of N ame Paint or affix its name and address of its registered office Name engraved in legible character on its seal Along with Corporate Identity Number also mention e-mail address and also telephone numbers

12. It contains the names and addresses of the subscribers. The subscribers to the Memorandum must take at least one share. The minimum number of members is two in case of a private company and seven in case of public company. SUBSCRIPTION CLAUSE

13. MEMORANDUM OF ASSOCIATION OF RELIANCE INDUSTRIES LIMITED

14. This articles of Association is a document that specifies the regulations for a company’s operations and it defines the company’s purpose and lay out how tasks are to be accomplished within the organisation in stipulated time, including the process for appointing directors to maintaining financial records of the company. AOA often identify the manner in which a company will issue stock, shares, pay dividends and audit financial records and power of voting rights. This set of rules can be considered a user's manual for the company because they outline the methodology for the accomplishing the day-to-day transactions that must be completed. Articles of Association

15. Thanking You…