this slide is about memorandum of association

1. Manjula. K
Roll No : 03
Commerce Option
ZMCTE Cherkala

2. Memorandum of Association
Memorandum of Association is the most
important document of the company. It
defines the powers and prescribe the limits
within which the company is required to
operate.

3. Memorandum of Association
(Specimen)
1. Name: The name of the company is Excellent Educational Services Limited.
It is hereinafter referred to as EES Ltd.
2. Registered Office: The Registered office of the company shall be situated inthe NCT
of Delhi and at present it is at: Sri Aurobindo Marg, New Delhi-16.
3. (A) Main Objectives:
(a) To engage in the design, development and delivery of world class
(B) Ancillary Objectives:
(a) To develop special competencies and capabilities for designing, developing and delivering
service products for persons with physical and mental disabilities;
4. Liability Clause: Liability of the members would be limited to the amount of unpaid value of
the share.
5. Capital Subscription Clause: The company shall be registered with a capital of Rs. 2.5crores
divided into Rs. 25lakh shares of Rs.10 each.
We the following persons voluntarily agreed to be the signatories to the
Memorandum of Association:
Sunita Vinita, Anil Kumar Sunil Kumar, Avtar Singh Renu, Anita Usha
The name and address of the company signatures to Memorandum have been modified.

4. The Memorandum of Association contains different clauses ;
1. Name clause

5. The name of the company.
 The name should not be identical with or similar to the
name of existing company.
 The name selected must not suggest any connection
with patronage of national hero
 The name should end with the word ‘Limited’ or ‘Ltd’.
The Name clause contain following ;

6. 2. Registered office clause

7.  It specify the name of the state where the registered
office of the company is situated.
 It determines the jurisdiction of the registrar of
joint stock companies and of the courts.
The Registered Office clause contain following ;

8. 3. Object clause

9. The Object clause contain following ;
 It specifies the objects of the company
 It indicates the extent of company’s powers and the
sphere of its activities.
 A company can take up any activities mentioned in
the memorandum.

10. 4. Liability clause

11. The Liability clause contain following ;
 It states whether the liability of the members is
limited by shares or guarantee.
 Liabilities are limited.

12. 5. Capital clause

13. The Capital clause contain following ;
 It states the total capital of the company with
which the company is registered.
 It is known as registered capital or authorized
capital or nominal capital.
 This is the maximum limit of capital that can be
issued.
 The value and number of shares should also be
stated.

14. 6. Subscription or Association clause

15. The Association clause contain following ;
 It is in the form of declaration.
 It states that the subscribers express their
willingness and agreement to form a company.