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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
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:
Contents of Memorandum of Association:
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.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
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.
www.seribangash.com
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.
https://seribangash.com/promotors-is-person-conceived-formation-company/
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.
https://seribangash.com/difference-public-and-private-company-law/
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
Memorandum Of Association Constitution of Company.ppt
Kerala gcc entrps
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C P Kunhimuhammed, Kozhikode, KRS Parcel
Service
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222. In the 70’s U.A.E; with the expansion of oil industry and growth of free trade, was
undergoing a transformation unlike the modern, organized and thriving civilization it is
today. In 1976 while Muraleedharan made his way to Middle East, he did not realize
that journey was about to change his whole life.He joined K.M. Brothers National Co.
LLC, a well-established Indian owned company. Due to his dedication, sincerity and
commitment to work he rose to the status of a Partner in the same company in a few
years.Mr. Muraleedharan was not the one to bask in the glory his achievements at K.M.
Brothers. His inherent entrepreneurial spirit and drive for success prodded him forward
to look for challenging business opportunities. This led to the beginning of his business
empire which started with the establishment of Southern Fried Chicken Restaurant LLC.
The instant success of Southern Fried Chicken fast food restaurant concept in U.A.E led
to the establishment of several more companies specialized in the hospitality sector.
Today he is the Chairman and Managing Director of Southern Franchise Group
Company, a business conglomerate with 12 different companies, across India and the
U.A.E., dealing in Hotels, Fine Dining Restaurants, Quick Service Restaurants, , Catering
& Life Support Services, , Dairy Farming ,Real Estate & Healthcare.
“The Success of our group lies in the hard work and dedication of our team comprising
of over 2000 professional and enterprising associates from various nationalities”.
