Memorandum Of Association Constitution of Company.pptseri bangash
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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:
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.
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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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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.
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
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
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proposal
1. Working Title: Weekly Football
What is it called? This can change if you think of something better later
Product’s Purpose: To educate and inform people about what is going on in football and what has
already happened in football.
What is the product’s purpose (entertain/educate etc.) and how will you achieve this?
Genre: Sport (Football)
What sort of productis it
Content
My contentis about the history and the modern day of football and the statistics.
What is your productabout? Discuss whatyou would put in it (be specific).Does ithave a story? If so,discuss
it here
Audience: 8+ because I think that anyone above the age of 8 are capable of understanding what is in
the magazine. I would say that anyone under 8 will probably not be mature enough for the book. My
main gender audience is male primary because men and womenhave biological differences. There
isn’t a specific social status for football, since it is so diverse, international and popular.
Psychographic is also unspecific as well for the same reasons as the social status. Fundamentally, the
person needs to have an interest in football.
Who is your audience? Be very detailed;age,gender,social status,psychographic etc
Why would your projectappeal to this person?
Legal & Ethical Considerations:
Think aboutany offensive material you will include?
I won’tmention any football disasters thathave happened,in an unappropriated wayand I will overall be
careful with what I say.
Will you restrict younger people using/accessing it?
Yes, people who are below the age of 8 years old.
Will it offend any social groups/religions/ethnicities?
No, will try not to.
How will you ensure you do not offend anyone?
I will be careful with what I say.
Are you using characters/names/logos ofexisting products/IPs?
Yes, I’m going to use logos,names and characters.
2. Will your product be sufficiently different from existing products to not get sued for copyright infringement?
Yes.
