MOA & AOA

Memorandum of Association & Article of Association

1. Presentation on MOA & AOA MD.Tuhin Parves ID:B3160B005

2. Memorandum Of Association (MOA) The root document of the company which contains all the basic details about the company. Articles Of Association (AOA) The document which contains all the rules & regulations designed by the company.

3. Difference Between MOA & AOA Basis MOA AOA Definition A document that contains all the condition which are required for the registration of the company. a document that contains the rules and regulation for the administration of the company Source defined in section 2 (56) defined in section 2 (5) Registration Must be registered at the time of Incorporation May or May not be registered Types of Info. Powers & objects of the company Rules of the company Status Sub-ordinate to the company Act Sub-ordinate to the memorandum Contents Must contain 6 clauses Can be drafted according to company decision Relation Between company & Outsiders Between company & members

4. Effects of MOA Foundation of a Business. Shows the capacity to contract of a company. Constitution of a company which relates with the outside world. No company is allowed to temper with its contents without the section of central govt. or court of law. Any act of the company outside the scope of activities as laid down in the memorandum is said to be ultra-vires & non-binding on it.

5. Effects of AOA The members are bound to the company . The company is bound to the members. Neither company nor members bound to outsiders article bind the members but neither of them is bound to an outsider to give effect to the articles. The articles defines rights and liabilities of the members.

6. Hypothesis of MOA

7. Example of MOA