clauses of memorandum of association

1. Capital Clause
 Definition :
Nominal Capital or
Registered Capital or
Authorized Capital
 Division of Capital :
Share
Debenture
Typology of Share
Debenture
Association Clause:
 Philosophy :
Declaration of Association:
Names
Addresses
Occupation
The Number of Share
At Least one Share by each
Subscriber
Qualification Share
At least in Presence of one
Witness
Name clause
Affixation of Name:
Every Office
Every Business Place .etc
Conspicuous Place
Punishment:
Dispute in Name:
The Decisionof
Commissionwill
be Final.
Objectives.
To learn
i. The memorandum of
Association
Object Clause:
Philosophy:
To Check the Nature of Object
To Demarcate the Activities of
Company
To Give Notice to the Shareholder
the Risk of their Contribution
Main Object:
Effect of Failure of Object:
May be liquidated
Liability Clause :
 Purpose :
To show the Liability of the Member
 Ltd by Share
Unpaid Share
 Ltd by Guarantee
For the Guaranteed Amount only
 Unlimited Company
No Liability Clause
The Liability of its Memberis
Unlimited
Registered Office Clause:
 Purpose:
To Fixes the Nationality
It will be registered there
Province will be mentioned
No Limitation on Business:
Notice of Registered Office:
Within 28 day
Address in Detail
Subject: Company Law
Standard: LL.B second year
Topic:
MUNIR HUSSAIN KTK
Lecturer
UNIVERSITY LAW COLLEGE
QUETTA
www.facebook.com/pages/Corridor-to-Commercial-Law
5th
Lecture