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What is the maximum number of objects that can be had in memorandum of association?
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∙ 11y ago
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What are the significance of memorandum of association?
A memorandum is called a memo for short. A memo is a letter, email, or any form of communication that is to be sent to all members of a community at once. Articles of association would be anything else that goes along with, or is associated with that particular memo. a memo is just a note 2 urself.
Differentiate your views on memorandum of association and articles of association?
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.-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------MEMORANDUM OF ASSOCIATION AND ARTICLES OF AS SOCIATIONThe Memorandum of Association and the Articles of Association are two important basic documents of a company, which together form the constitution of a Company. Both serve different functions and purposes and therefore, are important for different classes of people, who deal with the company. These two documents lay down the boundary within which the Company can operate.The Memorandum of Association, often simply called the Memorandum, is also called the Charter of a Company and is useful to investors to know what are the objectives of the company, amount of authorized share capital, whether the liability of the members is limited or not, how the company invests the money and utilize it, how it will work according to objectives incorporated in it, etc. It is the document that is required to be filed with the Registrar of Companies for incorporating a company. This document defines the relationship between the company and the outsiders. Anything done ultra vires the Memorandum (i.e., beyond the legal capacity) is void against the company. Subsequently, it cannot be ratified even by the share holders at a General Body meeting. The Memorandum is a public document and can be inspected by any one at any time, usually at the public office, - the Registrar of Companies - where it is lodged.The Articles of Association of a company or simply the Articles contains rules and regulations, which govern the internal management of the Company. The Article of Association is subordinate to the Memorandum. Therefore, any provisions of the Articles which go against or beyond the provisions of Memorandum are null and void. The Articles of a company contains the organization and its control, issue of shares, voting rights of different classes of share holders, Director's powers, the appointment of directors, the director's meetings, the quorum and percentage of vote, transferability of shares, the dividend policy, winding up, etc. The Articles is binding not only on the existing members, but also on the future members who may join in future. The Article binds the company and its members as soon as they sign the document, as it is a contract between the company and its members. Just like a Company has certain obligations towards the members, so also members have certain rights and duties to perform towards the company for smooth functioning of the company.M.J. SUBRAMANYAM, XCHANGING, MUMBAI
Key US government memorandum that militarized American foreign policy?
National Security Council Memorandum Number 68 (NSC-68)
What is numbered memorandum?
A superscript number may appear in the text of a document or book. The number points to a memorandum (note) that may be placed at the end of the document of book. It is like a link to additional information.
Is there a maximum number of hours that employees in the medical field such as RN LVN or CNA can work in one day?
In Illinois, the maximum is 16 hours in a 24 hour period as set by the Illinois Nurses' Association.
What are clauses of memorandum of association?
Clauses of memorandum of association: There are many clauses related to the memorandum of association. Some of them are as follows: 1-Name Clause: According to this we have to state the name of the company. A company may adopt any name but it should not be identical to the name of an existing company registered with the registrar of the company. 2- Situation Clause: As the name indicates it describes the different situations. This clause a company must have a registered office at which all the communications and notices are to be addressed. The memorandum will only state the name of the province where office is situated and not the address where office is situated. 3-Object Clause: This is the most important clause in the memorandum. It clearly defines the sphere of the company's activities. 4-Liability Clause: This clause of memorandum contains the declaration that the liability of the shareholders is limited to the extent of the value of shares held by them. 5-Capital Clause: This clause is required to specify the amount of share capital with which the company proposes to be registered and secondly the divisions of that capital into shares of a fixed amount. 6-Subscription Clauses: This clause contains a statement by the subscribers that they are eager of forming themselves into a company and agree to have a number of shares written against their respective names. Anonymous
What is the maximum number of valance electrons an element can have?
The maximum number is 8.
Maximum number of right angles in a hexagon?
The maximum number is 5.
How do you find the maximum and range?
the maximum is whatever the biggest number is and the range is the maximum (the largest number) minus the minimum (the smallest/lowest number)
What is the number to American heart association?
american heart association
What is the maximum number of ethnesities you can have?
the maximum is five.
What are the minimum and maximum number of directors in a private company?
The minimum number of Directors in Private Company is 2 Maximum number of Directors is As the number of Members in that Company
