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Why is MOA and AOA important?

Joe Ford

Why is MOA and AOA important?

MoA is an abbreviation for Memorandum of Association, and AoA stands for Articles of Association. They safeguard and structure your business, helping in establishing the company’s identity, working methodology, and goal.

Is AOA compulsory?

MOA is a compulsory document which must be registered with the ROC at the time of incorporation of the company. On the other hand, AOA is not obligatory and in case of limited shares, a company can use its Table A in its place

What are the features of moa?

(1) Memorandum of Association states its aims, objectives, and the nature of business activities conducted by the company. It is a primary document of the company. (2) It informs about the scope of activities of the company and defines boundaries within which the company must conduct its activities.

What is difference between articles of association and memorandum?

Memorandum of Association is a document that contains all the condition which are required for the registration of the company. Articles of Association is a document that contains the rules and regulation for the administration of the company

How can a company alter its name clause?

As per Section 13 of the Companies Act 2013, a company may change its name by passing a special resolution in general meeting and receiving approval from the Central Government

What is the name clause?

Name Clause: This clause specifies the name of the company. The name of the company should not be identical to any existing company. Also, if it is a private company, then it should have the word ‘Private Limited’ at the end

What are the six clauses of moa?

Memorandum of association must have the following clauses:

  • Name Clause: A Company is a legal entity.
  • Situation Clause: Memorandum of Association must state the name of the State in which the registered office of the company is to be situated.
  • Objects Clause:
  • Liability Clauses:
  • Capital Clause:
  • Association Clause:

How many clauses are there in a 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 the meaning of main clause?

In English grammar, a main clause (also known as in independent clause, superordinate clause, or base clause) is a group of words made up of a subject and a predicate that together express a complete concept