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what is memorandum of association and Article of association?
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what is memorandum of association and Article of association?
Memorandum of association refers to that basic document of the company in which those conditions are stated on the basis of which a company is incorporated.It defines the objectives of the company.Article of association refers to that document of the company in which rules of internal management to achieve the objectives laid down in the Memorandum of Association, are stated.It defines the rules for attaining the objectives mentioned in the Memorandum of Association.Also, MOA defines the relationship between the company and the outsiders whereas AOA defines the relationship between the members and the company.
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what is memorandum of association and Article of association?
Memorandum of association provide information to the outsiders such as creditors , suppliers, etc. about the limitations , scope , objectives of the company.Article of association contains rules and regulations of the company. It define the power, duties and rights of manager,employee and director of the company . Generally every company prepare it's own article of association.
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what is memorandum of association and Article of association?
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what is memorandum of association and Article of association? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about what is memorandum of association and Article of association? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is memorandum of association and Article of association?.
what is memorandum of association and Article of association? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about what is memorandum of association and Article of association? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is memorandum of association and Article of association?.
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