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.