What is Memorandum of Association (MoA) Act?

Define Membership of Association explain its components?

Introduction   

Memorandum is one of the legal documents of the company. Memorandum of Association considered a document of government. Which content government rules and regulation regarding how to start and managed Company. It is also considered and externed document of  the company.

 

Components of MOA

NAME CLAUSE

Name clause in Memorandum of Association suggest company select Name for Company.  It is easy to read , understand, and remember. 

DOMICILE CLAUSE

Domicile clause in Memorandum of Association suggest Company select Permanent address and Registered head office of the company. 

OBJECT CLAUSE

Object Clause in Memorandum of Association suggest company most be mentioned real object of the company.

LIABILITY CLAUSE

Liability Clause in Memorandum of Association suggest company liability is limited and Unlimited.

CAPITAL CLAUSE

Capital Clause in Memorandum of Association suggest company mention capital structure of company and the ratio such as debenture , bonds, bank, loan, deposit . etc.

ASSOCIATION CLAUSE

Association Clause in Memorandum of Association is suggest company mention the name of important personality i.e Board of Director, Managing Director of Company, Secretory , Auditor etc.