Differences between articles of association and memorandum of association?

Answer:

1) MoA:

It is along with the application of starting of a company.

I think it confines & defines the objective of a company.

MoA is also called Charter 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.

MoA has 6 clauses:

@ The Name Clause
@ The Registered Office Clause
@ The Object Clause
@ The capital Clause
@ The Liability Clause
@ The Association Clause.


2) AoA:

It is 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.

It also show that what is mode & form in which business is to be carried out subordinating to MoA & can not supersede object set by MoA.

First answer by ID1986293573. Last edit by ID1986293573. Question popularity: 7 [recommend question].