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Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
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Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
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Memorandum Of Association Constitution of Company.ppt
53211824 19 jan 2012
1. [INC 281 MULTIDISCIPLINARY WORKSHOP WEEKLY REPORT] January 19, 2012
Name-Surname Mutchima Bangkha
Student ID. 53211824
Group Name IS
Engineering Team
Jane, Best, Not
Members
Product Design Sa-tang[ID], Fon[ID], TIP[ID], Ped[ID], Earng[ID],
Team Members Mind&Best[interior]
Weekly Progress
For this week, acutually I think we didn’t do the physical things in the part of
Enginering just only think and share each ideas from another about what we want to do and
we find something for example technology and the high technology products to support
about the ID’s ideas.
The students from Interior didn’t come to join with us, so ID’s students and us
were objected from ID’s Professors about about our conpept. When ID presented their jobs
about the design of restaurant and things(table) in that place , Professors said that we need
to think again about our product because if it will be developed and used , it will be the
effect for the user.
And they said about our concept that self reliance and peace in mind but for the
table , it didn’t. The tables can make the user to feel alone and can live oneself , that is
difference from the conpept. For the tables, our concent were about when you use it, you
will feel something like thinking of someone etc. So we need to work more for the next job.
Figure : 1
We were thinking about our concept
and project.
Engineering Analysis
Strong Point
We do together and always share ideas from the other.
We search, think and learn few of technology that we will do but now waiting for the
design team.
Weak Point
We’re not sure what the design team want to do , so it need time for waiting and time
for engineering team will be less.
Next Week Job
I think we will get the real idea of product that we want to do. If it’s not, we need to
create more and need to learn some technology [the process] that we maybe use.
Department of Control System and Instrumentation Engineering
KING MONGKUT’s UNIVERSITY OF TECHNOLOGY THONBURI