Memorandum of Association and Articles of Association
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Free sample — 8 of 66 rapid-fire Q&A cards.
What is a Memorandum of Association (MoA) in the context of company law?
The MoA is the charter document of a company that defines its constitution, scope of activities, and relationship with the outside world; it is the foundation on which the company is built.
What is the full form of MoA in company law?
Memorandum of Association, the company's charter document.
What is the primary purpose of the Articles of Association (AoA)?
The AoA contains the internal rules, regulations, and bye-laws governing the management and administration of the company, binding the company and its members.
How many clauses does the Memorandum of Association mandatorily contain?
Six mandatory clauses define the company's constitution.
Which clauses are mandatorily included in the Memorandum of Association?
The MoA must contain six clauses: Name Clause, Registered Office Clause, Objects Clause, Liability Clause, Capital Clause, and Subscription Clause (for public companies, an Association Clause is also required).
Which statute governs the Memorandum and Articles of Association in India?
The Companies Act, 2013 governs both documents.
What does the Objects Clause in an MoA specify?
The Objects Clause defines the purposes for which the company is formed and limits the scope of its activities; any act beyond these objects is ultra vires and void.
What is the legal nickname given to the Memorandum of Association?
MoA is called the company's 'charter' or 'constitution'.
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