What is the definition of memorandum under the Companies Act, 2013?
Effective from 12-09-2013. “memorandum” means the memorandum of association of a company as originally framed or as altered from time to time in pursuance of any previous company law or of this Act.
What is memorandum of association according to the company Act 1956?
The memorandum of association is a document of great importance in relation to the proposed company. It contains the fundamental conditions upon which alone the company is allowed to be incorporated.
Which section of the Companies Act, 2013 define the memorandum of association?
Object of registering a Memorandum of Association or MOA It is a public document according to Section 399 of the Companies Act, 2013. Hence, any person who enters into a contract with the company is expected to have knowledge of the MOA. It contains details about the powers and rights of the company.
What are the contents of memorandum?
A memorandum of association contains a name clause, registered office clause, object (or objective clause), objects clause, liability clause, capital clause, and association clause. An MOA is a type of legal paper that is prepared when forming and registering a limited liability company (LLC).
What is Memorandum of Association and clauses?
A memorandum of association (MOA) contains a name clause, registered office or business location clause, objective or objects clause, liability clause, capital clause, as well as an association clause. MOAs are legal documentation that are prepared prior to the registration of limited liability companies (LLCs).
What is memorandum article?
Memorandum and Articles of Association are the legal documents of the company which must be compulsorily formed when a person is incorporating a Company. Memorandum of Association defines the relationship of a company with the outsiders.