Copy of 13758202-MOA-AOA.ppt 2003
Transcript of Copy of 13758202-MOA-AOA.ppt 2003
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Memorandum Memorandum & &
Articles Of AssociationArticles Of Association
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“Contents”
• Memorandum of Association• Memorandum Clauses.
• Articles of Association• Definition• Contents of Articles.
• Difference Between MOA & AOA.
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“Memorandum Of Association”
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“Memorandum Of Association”
• Document that regulates a firm's external activities and must be drawn up on the formation of a registered or incorporated firm. As the firm's charter it forms the firm's constitution. Also called 'memorandum,
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“Memorandum Clauses”
Name clause
Registered Office clause
Object Clause Liability Clause
Association Clause
MOA
Capital Clause
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“Articles Of Association”
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“Articles of Association[sec.2(2)]”
• Definition:-“it is a contract between the members and the firm and among the members themselves. It sets out the rights and duties of directors and stockholders individually and in meetings.
”
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“Content of Articles”• Share Capital &Variation of
rights.
• Calls on shares
• Share Certificate
• Transfer of Shares
• Transmission
• Conversion of Shares with Stocks
• Alteration of Share Capital
• General Meeting
• Board of Directors and their Powers.
• Capitalization.
• Winding Up.
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“MOA” “AOA”• It is the Charter of the company
indicating the nature of its Business.
• It is along with the application of starting of a company.
• It confines & defines the objective of a company.
• The main aim of MoA is to let the investors know where their money is invested.
• It has 2 objectives; Main Objective & Subsidiary Objectives.
• They are regulations for the internal management of the Company.
• It shows what type of power / responsibilities / authority the investors have..
• Its by laws that governs management of internal affairs defines duties / rights / powers / number of directors of the company.
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“MOA” “AOA”
• It defines the Scope of the Activities of the Company.
• It being the Charter of the Company is the “Supreme Document”
• Every Company Must have its own Memorandum.
• There are strict Restrictions on its alteration.
• They are the rules for carrying out the Objects of the company.
• They are Subordinate to the Memorandum.
• Can be altered by Special resolution.
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