All you want to know about MOA and AOA, My article is particularly about the details about the memorandum of associations and articles of associations of the company which the are the 2 most important documents of any company which governs the operations of the company and the way in which the organisations will work. This are the documents which are must for the incorporation of any company. It is an important source of information for shareholders and stakeholders. My this articles mainly covers the clauses of MOA & AOA, different relevant points in detail. details for Loans and deposits u/s 269SS and 269T.If you like this article then please like us on Facebook so that you can get our updates in future ……….and subscribe to our mailing list ” freely “
All you want to know about MOA and AOA
Memorandum of Association :
- Name Clause – This clause talks about the Name of the company which is approved by the Registrar of companies and the company can conduct the business in the name of same company only and not otherwise.
- Situation Clause – It is the clause where company has to mention the registered office where the head office/corporate office is situated. The company has to file such name to ROC within 30 days of incorporation but the important thing to note is that company cannot commence its business without intimating the address of the registered office to the ROC.
- Object Clause – This clause decides the scope of operations of the company. Any act beyond the objects of the company will be treated as ultra wires and would be liable for provisions of companies act.
- Liability Clause – This clause is specifically for determining liability of members, means the extent to which each and every member of the company is liable to pay.
- Capital Clause – In this clause company has to mention that how much amount a company has put in the company as share capital which is registered in the registrar in the company.
- Associate Clause – This clause tells that how much share a particular person is holding and what is his percentage share in the capital. Minimum 1 share is required to be purchased by any member. Member has to write in his own handwriting that how much shares does he hold and has to sign the same. The same has to be witnessed by anyone and too has to sign.