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Understanding the Memorandum of Association (MOA)
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Memorandum of Association (MOA) is the charter of the company that defines its scope of activities and powers. Clauses: Name Clause – Name of the company Registered Office Clause – State of registered office Object Clause – Main and ancillary objectives Liability Clause – Liability of members Capital Clause – Authorized share capital Subscription Clause – Details of subscribers 👉 Conclusion: Company cannot act beyond MOA (Doctrine of Ultra Vires).@Manu
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Photographic
art, news, personal or emotional
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Susan
Arjun
Carlos
