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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
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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.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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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.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
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.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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Daily comex report of 29 september 2017 by epic research
1. 29-September-2017
For More Information Please visit www.epicresearch.co or contact info@epicresearch.co
Please refer to disclaimer at the end of the report.
2. Metals Update
DAILY MARKET OUTLOOK
PRECIOUS METALS AND INDUSTRIAL METALS
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ.
1288.60 0.80 0.06
Aug-17
COMEX SILVER USD/T OZ.
16.863 0.036 0.21
SEP- 17
COMEX COPPER USD/LB. 2.984 0.054 1.86 SEP-17
PLATINUM USD/T OZ.
923.70 -1.80 -0.19
OCT-17
ENERGY COMMODITY FUTURES
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL(WTI) USD/BBL.
51.37 -0.77 -1.48
Aug-17
CRUDE OIL(BRENT) USD/BBL.
56.87 -0.70 -1.22
SEP-17
NY. NATURAL GAS USD/MMBTU
3.013 -0.047 -1.54
AUG-17
NY. HEATING OIL USD/GAL.
1.8176 -0.0218 -1.18
AUG-17
4. Metals Update
INTERNATIONAL COMMODITY NEWS
Gold prices were little changed near one-and-a-half month lows on Thursday, after the release of mixed U.S. economic
reports and as the greenback was still broadly supported. Comex gold futures were down $13.24 or about 1.04% at
$1,288.58 a troy ounce by 08:35 a.m. ET (12:35 GMT), their lowest since August 25. Data on Thursday showed that U.S.
economic growth in the second quarter was revised up more than expected. Separately, the U.S. Department of Labor said
initial jobless claims increased more than expected last week. The greenback had strengthened broadly following reports on
Wednesday that U.S. President Donald Trump proposed the biggest U.S. tax overhaul in three decades. The proposal still
faces an uphill battle in the U.S. Congress, with the Republican Party divided over it and Democrats hostile.
Crude oil prices bounced higher on Thursday, erasing earlier losses, as traders remained globally optimistic regarding the
re-balancing of the market despite the release of mixed U.S. data. The U.S. West Texas Intermediate crude November
contract was at a five-month high of $52.61 a barrel, up 48 cents or about 0.86% by 09:00 a.m. ET (13:00 GMT).
Elsewhere, Brent oil for November delivery on the ICE Futures Exchange in London was up 44 cents or about 0.76% at
$58.00 a barrel, its highest since July 2015. Prices found support after the U.S. Energy Information Administration reported
on Wednesday that crude oil inventories fell by 1.8 million barrels, after posting hefty increases in each of the last three
weeks, as refiners raised output following Hurricane Harvey last month.
U.S. natural gas futures shook off earlier weakness to trade higher on Thursday, after data showed that domestic supplies
in storage increased less than expected last week. U.S. natural gas for November delivery was at $3.070 per million British
thermal units by 10:43AM ET (1443GMT), up 0.9 cents, or around 0.3%. Futures were at around $3.035 prior to the release
of the supply data. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S.
rose by 58 billion cubic feet in the week ended Sept. 22, below forecasts for a build of 66 billion. That compared with a gain
of 97 billion cubic feet in the preceding week, a build of 49 billion a year earlier and a five-year average rise of 84 billion
cubic feet. Total natural gas in storage currently stands at 3.466 trillion cubic feet, according to the U.S. Energy Information
Administration, around 3.5% lower than levels at this time a year ago and mostly in line with the five-year average for this
time of year.
7. Epic Research is one of India’s largest Financial Advisory house. Epic Research is amongst leading and most valuable financial
advisory provider companies in the private sector.
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Metals Update
Lovelesh
Sharma
Digitally signed by Lovelesh
Sharma
DN: cn=Lovelesh Sharma c=IN
o=Personal
Reason: I am the author of this
document
Location:
Date: 2017-09-28 22:32+05:30