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whar is memorandum of association
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What are similarities between memorandum of association and article of association?
They are both required for the legal registration of. Company
Who are the promoters of Reliance Power?
reliance infrastructure, reliance innoventure & AAA project venture
Is reliance chemotex industries a reliance group company?
No It's not.
When was Reliance Petroleum created?
Reliance Petroleum was created in 2008.
Can two limited companies form a partnership?
Company law Department has clarified the position regarding two companies entering into partnership in circular no. 1/81-CL-V dated 14th September 1981A question has been raised whether an incorporated company can enter into a partnership with some other person or some other company. The matter has been examined by this department in consultation with the Department of Legal Affairs and I am directed to say that prima facie a company entering into a partnership with some other person or some other company would be ultra vires and will be against the principle that a particular company or an incorporated body cannot lawfully employ funds for purposes not authorized by its constitution which would normally be the memorandum and the articles of association. However, a company or an incorporated body, if so authorized by its constitution, can enter into partnership with an individual person or with another company irrespective of nationality and residence. This would, however, require the company to adopt very special articles since many of the provisions of the Partnership Act would be difficult to apply to such a partnership. In view of this, while considering applications for registration of firms with bodies corporate as partners under the Indian Partnership Act, 1932, the State Governments should examine the applications before them and find out whether the memorandum and articles of association of the applicant incorporated companies contain any special articles which authorise the incorporated companies to enter into partnerships and the articles also take care of the possible anomalies which have been pointed out in the Calcutta HighCourt's ruling in the case of Ganga Metal Refining Company P. Ltd. v. Income-tax Commissioner West Bengal, (1968) 38 Com Cases 117 : AIR 1967 Cal 429."In short we can say that companies can enter into partnership if they are so authorized by their memorandum of association. Otherwise company entering into a partnership with some other person or some other company would be ultra vires.Aditya Deo
What prevails in case of a conflict between memorandum and articles of association?
If there is a conflict between the Articles of Association and Memorandum of Association, the Memorandum of Association prevails.
What are four types of business document?
Articles of Association Memorandum....
What are similarities between memorandum of association and article of association?
They are both required for the legal registration of. Company
What are documentation required for formation of company?
The following documents are required: *Memorandum of association *Articles of association *Prospectus
State and explain five similarities between memorandum of association and articles of association?
they both have the same state of amarica
How do you change a company to be a holding company?
Change the nature of business in the Memorandum and Articles of Association of the Company.
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.
What is an articles of incorporation?
An articles of incorporation is a document which, along with the memorandum of association, forms the constitution of a company, defines the responsibilities of the directors, and the kind of business which is to be undertaken.
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
Memorandum and article of association for security guard business?
memorandum for security guard company
What do you mean by article of association?
Articles of Association (AOA) is the body of rules, directions and regulations for internal regulation of the company. The internal affairs of the company ie the affairs relating to members, directors, employee or employer are governed by the AOA of the company.
What is abbreviation moa mean?
Memorandum of Association
