The document discusses the Memorandum of Association, which is one of the three key legal documents formed by a company along with the Articles of Association and Prospectus. It defines the Memorandum of Association as the foundational document that sets out the constitution of a company by defining its name, objectives, capital structure, and liability of its members. The document also outlines the various clauses that must be included in the Memorandum of Association and the process for altering this document.
Inter - I Year - Commerce - Formation of a company - Important documents - Memorandum of Association - Its Clauses - Articles of Association - Contents - Prospectus
Inter - I Year - Commerce - Formation of a company - Important documents - Memorandum of Association - Its Clauses - Articles of Association - Contents - Prospectus
Background of Company Law in England,
Background of Company Law in India,
Definition of Company,
Nature & Characteristics,
Features of Company,
Lifting the corporate veil,
Types of Companies,
Formation of a Company,
Memorandum & Article of Association,
Prospectus,
Share & Share Capita,
Company Management & Director,
Meetings,
Borrowing Powers,
Debentures & Charges,
Accounts & Auditors,
Prevention of oppression & Mismanagement,
Winding up,
Articles of Association and its Alterations Simplified.Ankit Shah
Articles of Association and its Alterations Simplified is a presentation which help in better understanding of complex company law. This presentation was made & presented by me during my MBA in Corporate Law.
this ppt is very much useful for the students pursuing First year in B.COM for the Company Law subject. Specially the students of Saurashtra University.
Background of Company Law in England,
Background of Company Law in India,
Definition of Company,
Nature & Characteristics,
Features of Company,
Lifting the corporate veil,
Types of Companies,
Formation of a Company,
Memorandum & Article of Association,
Prospectus,
Share & Share Capita,
Company Management & Director,
Meetings,
Borrowing Powers,
Debentures & Charges,
Accounts & Auditors,
Prevention of oppression & Mismanagement,
Winding up,
Articles of Association and its Alterations Simplified.Ankit Shah
Articles of Association and its Alterations Simplified is a presentation which help in better understanding of complex company law. This presentation was made & presented by me during my MBA in Corporate Law.
this ppt is very much useful for the students pursuing First year in B.COM for the Company Law subject. Specially the students of Saurashtra University.
MOA and AOA.ppt bsnsjdnndhdhdjdjdjdjdndnjdjdjdjdjjd djjdjdhdndjdndjdjdherdogonmitchell
Abcbshdhdbbdd bsnsjdnndhdhdjdjdjdjdndnjdjdjdjdjjd djjdjdhdndjdndjdjdh to the company is the best friend at work and I am a little bit of a little bit of a little bit of
Document and Procedure for Registration of Company.pptxAnkit910384
Naresh Goyal is a non-resident Indian businessman and founder Chairman of Jet Airways. He started operating Jet Airways in 1993 with initial seed money from Tail Winds incorporated, Isle of Man
The Companies Act 2013 is an Act of the Parliament of India on Indian company law which regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company.
Similar to Memorandum Of Association under Companies Ordinance 1984 (20)
The case study is about the thermal coal mine, named Carmichael coal mine. The mine is located northwards to Galilee Basin, Central Queensland in Australia. A wholly-owned subsidiary company Adani Australia proposed investments for the mine. The mining was decided to be open-cut and along with the incorporation of underground methods. Previously Adani Mining proposed a massive investment but due to rejections from various institutions downsized the project. This report while introducing the case, will highlight the major approvals, the criticisms and the impacts it can have. The report while covering the subsidies by the government will discuss the applicable legislation. Furthermore, the report will also highlight the implication, the mining industry can have on the environment, on native titles, and also over locals and communities. Finally, the report will discuss mining and agriculture dependency and the effect the former has on agriculture.
[Note: This is a partial preview. To download this presentation, visit:
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
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CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
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A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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2. Introduction
Introduction:
There are there basic legal
documents issued by a company these
are.
(i) Memorandum of association.
(ii) Article of association.
(iii) Prospectus.
3. Memorandum of
Association
Under the existing law a limited company
can be formed by preparing certain
legally specified documents and filing
the same with the registrar of
companies
The first essential document to b prepared
and filed with the registrar and without
which a company cannot be
incorporated is named as
Memorandum of Association.
4. Introduction
Memorandum of association is one
of the basic documents of the company.
It is knows as charter of the company. It
sets out the limits outside which
company cannot go, memorandum of
association defines the constitution
of the company. It contains the
fundamental conditions upon which a
company is registered.
5. • Memorandum of Association is a public
document, and every person who deals
with the company is presumed to have a
sufficient knowledge of its contents and
provisions.
Memorandum of
Association
7. Memorandum of Association:
The memorandum of association is the
charter of the company. it defines the
limitation and powers. It is a document
which regulate the external affairs of the
company.
Importance:
8. Purpose:
The main purpose of memorandum of
association is to enable share holders,
creditors and all those who concerned
with the company to know what is
permitted range of the enterprise.
10. Name Clause:
• This clause states the name of the
company.
• A company may select any name but it
should not resemble the name of any
other company.
• Name should not be undesirable.
• Name should not be prohibited by any
law.
11. Name Clause:
Name should end with the word:
i. ‘limited’ on case of public company.
ii. ‘(private) Limited’, in case of private
company.
iii. ‘(guarantee) Limited’, in case of
company limited by guarantee.
12. Name Clause:
Appearance of Name:
The name of the company must appear
or every office or place of business of
company in a conspicuous manner and
on all cheques, bills, notices,
advertisement, etc of the company.
13. Name Clause:
Change of name of the company:
The name of the company can be changed at any
time subject to the following conditions:
(i)A special resolution is passed.
(ii)Approval in writing of the registrar is
obtained.
(iii)Registrar notified the new name and
issues a certificate.
14. Situation clause:
It is also known as Registered Office
Clause. The memorandum must state
the name of the place of business of the
company. The company must have
a registered office and its place must be
notified to the registrar.
15. Situation clause:
(a) Change of place of registered office:
(i) Form Province to Province:
Registered office of the company may be changed
by passing a special resolution and obtaining the
confirmation of the commission.
(ii) From town to town in the same province:
The place of registered office of the company may
be changed from one town to another town with in
the same province by special resolution and a notice
to the registrar without any confirmation of the
commission.
16. Object clause:
The statement of objects defines the
sphere of the company activities. It
determines and restricts the powers of
the company. The object clause offer
protection to the shareholders by
ensuring them that amount collected for
undertaking is not risked in any other
undertaking.
17. Object Clause:
(i) Scope of objects:
The company can have any object
provided that it is not contrary to law.
(ii) Act done out side the objects:
The company cannot do any thing
outside the powers specified in the
object clause.
18. Liability clause:
The fourth clause in a memorandum of
association is a statement that liability of
the company is limited to the extent of
the shares purchased by them.
This clause contains the notice of liability
of members of company. It is essential
for companies in which the liability of its
members is limited.
19. Liability clause:
• In case of company limited by shares:
the liability of its members is limited by
shares.
• In case of companies limited by
guarantee: the liability of its members is
limited by guarantee.
20. Capital Clause:
The clause must state the amount of the
capital and the way in which it is to be
divided into shares. It must be stated in
this clause as to what funds are
necessary to set the business going or,
If its proposed to buy on old concern,
what sum is wanted as its price and
what is addition, is wanted to keep the
business going.
21. Capital Clause:
The capital as mentioned is called
authorized or registered capital. the
capital is divided into shares of a certain
value which is specified in the capital
clause, for example, The authorized
share capital of the company shall be
Rs. 5,000,000 consisting of 5,000,00
equally shares of Rs, 10 each.
22. Association and subscription
clause:
This clause contains a declaration by the
subscribers that they are desirous of
forming a company and agree to have
number of shares written against their
respective names.
Signature and Attestation
Each subscriber must sign the
memorandum in the presence of at least
one witness who shall attest the
signature.
23. Time place for filing memorandum of
association:
Memorandum of association is to be filed
with the registrar at the time of formation
of a company.
24. Requirement of MOA:
• Memorandum must be printed
• It should be divided into paragraphs
• Each paragraph should be
consecutively (serially) numbered
• It should be signed by the required
number of subscribers (three in case of
public company and one in case of
private company)
• Subscriber must sign in the presence of
at least on witness
25. Requirement of MOA:
• Signature of each subscriber must be
attested by witness
• Every subscriber must add his address,
description and occupation
• Witness should write his address,
description and occupation
• Memorandum must be stamped to
Stamp Act.
26. Alteration in memorandum of
association:
Memorandum of association is considered
as unalterable document. but it can be
amended by passing special resolution
and with sanction of court of central
government.
27. Alteration of
Memorandum:
Under the law the alteration of MOA is not
dependent in the pleasure and sweet
will of the members of the company. It
can be altered only by adopting the
alteration procedure laid down in the
companies ordinance.
28. Alteration of
Memorandum:
Preliminary Discussion:
Preliminary discussion at board
meetings and with company’s advisers
to determine the best course to be
adopted and the precise nature of the
desired alteration.
Stock Exchange Requirements:
Where company’s share are
desired to be quoted on a stock
exchange.
29. Alteration of
Memorandum:
Settlement with Registrar:
Can any matter be settled before
hand with the registrar e.g. whether a
new name will meet to his approval.
Notice:
Printing of notice of general meeting,
explanatory circulars etc.
Routine of Meeting:
Routine of holding necessary
meeting arrangements with the press,
filing of copies of special resolution.
30. Alteration of
Memorandum:
Share Certificate:
Whether new share certificates are to
be issued or old certificates are to be
called in for suitable alteration.
Resolution:
The printing of resolution required to
be attached to the memorandum and to
be registered with the registrar.