Memorandum of association

ompany Laws Notes MOA AOA Memorandum of Association CA IPCC Company Law 2013 Notes The Memorandum of Association is a document which sets out the constitution of the company and is therefore the foundation on which the structure of the company is based. It defines the scope of the company's activities and its relations with the outside world. Purpose of Memorandum The purpose of the object clause in the memorandum is two-fold. First, the intending shareholder before making investment in the company should know the field in, or the purpose for which it is going to be used and what risk he is taking in making the investment. The second purpose is that anyone dealing with the company will know without doubt “what is the permitted range of activities of the company. Content of Memorandum of Association According to Section 4(1), the memorandum of a company shall state— the name of the company with the last word “Limited” in the case of a public limited company, or the last words “Private Limited” in the case of a private limited company (except in case of Section 8 Companies) the State in which the registered office of the company is to be situated; the objects for which the company is proposed to be incorporated and any matter considered necessary in furtherance thereof the liability of members of the company, whether limited or unlimited, and also state,— in the case of a company limited by shares, that liability of its members is limited to the amount unpaid, if any, on the shares held by them; and in the case of a company limited by guarantee, the amount up to which each member undertakes to contribute— to the assets of the company in the event of its being wound-up while he is a member or within one year after he ceases to be a member, for payment of the debts and liabilities of the company or of such debts and liabilities as may have been contracted before he ceases to be a member, as the case may be; and to the costs, charges and expenses of winding-up and for adjustment of the rights of the contributories among themselves; in the case of a company having a share capital,— the amount of share capital with which the company is to be registered and the division thereof into shares of a fixed amount and the number of shares which the subscribers to the memorandum agree to subscribe which shall not be less than one share; and the number of shares each subscriber to the memorandum intends to take, indicated opposite his name; in the case of One Person Company, the name of the person who, in the event of death of the subscriber, shall become the member of the company. Format of MOA According to Section 4(6), the memorandum of a company shall be in respective forms specified in Tables A (for Company limited by shares), Tables B (for Company limited by guarantee not having share capital) Tables C (for Company limited by guarantee having share capital) Tables D (for limited Company not having share capital) Tables E (for limited Company having share capital) in Schedule I as may be applicable to such company. Clauses of MOA as per Section 4(1) According to Section 4(1), the memorandum of a company shall have following clause: Name Clause Situation Clause Objects Clause Liability Clause Capital Clause Subscription Clause MCQs on Memorandum of Association under companies act 2013 Video Class on Memorandum of Association under companies act 2013 Menu Notes of Company Laws Updates on Company Laws Questions of Company Laws Videos Coaching Classes of Company Laws Multiple Choice Questions (MCQs) on Company Laws Companies Act, 2013 (Bare Act) Sections of Companies Act, 2013 enforceable till date Rules under Companies Act, 2013 Notifications under Companies Act, 2013 Circulars under Companies Act, 2013 Case Laws under Company Laws Applicability of Company Law Amendments on CS/CA/CMA Students Follow Us     Share Us     Tags Companies Act 2013 ca final corporate and allied laws ca final corporate and allied laws amendments for nov 2015 ca final corporate and allied laws books ca final corporate and allied laws notes ca final allied law notes ca final allied law notes pdf ca final allied law notes download ca final corporate allied laws notes ca final company laws notes notes of company law notes of company law 2013 notes of company law cs executive notes of company law for ipcc notes of company law for cs notes on company law for ca final notes on company law for mba notes of company law for bba notes on company law for b.com 2nd year cs executive company law cs executive company law notes cs executive company law notes 2013 cs executive company law notes for june 2015 cs executive company law notes for dec 2015 company law notes for cs executive new syllabus company law notes for cs executive free download cs final company law notes cs professional company law notes cs professional advanced company law and practice ipcc law notes ipcc law notes pdf ipcc law notes download ipcc law notes pdf for nov 2015 cs executive notes company law company law notes for cs executive new syllabus company law notes for cs executive programme company law notes for cs executive 2015 free notes of company laws free notes of company law free notes of companies act 1956 free notes of companies act 2013 Refund Privacy Terms Contact This Page is under construction Search