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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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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.
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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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Shri Rakesh Rajdev - Pioneering Change Through Entrepreneurship and Humanitarianism
1.
2.
3. In a world where personal success often takes
precedence, there are individuals who stand as shining
examples of the power of social welfare and community
impact. Shri Rakesh Rajdev is one such exceptional
individual—an entrepreneur by profession and a
humanitarian by heart, committed to leaving an indelible
mark on the universe of social welfare through his virtue
and unwavering dedication.
The Heart of a Humanitarian
Shri Rakesh Rajdev is a name synonymous with
compassion, empathy, and a genuine desire to serve
those in need. He has earned recognition not only for his
generous assistance to the less fortunate but also for his
virtuous deeds that have left an enduring impact on
society. His journey is a testament to the transformative
potential of selfless service.
4.
5. From Entrepreneur to Philanthropist
While Shri Rakesh Rajdev is a successful entrepreneur
and the owner of a three-star hotel situated in Dwarka,
Gujarat, he could have comfortably led a life of privilege
and comfort. However, his dedication to social welfare and
his commitment to giving back to society through his civil
society organization, the Kanuda Mitr Mandal, set him on a
different path.
Kanuda Mitr Mandal: A Beacon of Hope
Shri Rakesh Rajdev’s NGO, the Kanuda Mitr Mandal, is a
testament to his dedication to the betterment of society.
This organization undertakes a myriad of welfare-based
initiatives and activities designed to provide a helping hand
to those who are struggling to meet even their most basic
needs.
Empowering Lives and Uplifting Communities
6.
7. 1. Education: Shri Rakesh Rajdev and his team are
passionate advocates for education. They believe in the
power of knowledge and have established initiatives to
support underprivileged children’s access to quality
education.
2. Healthcare: The organisation is committed to
improving healthcare access for those who require
medical assistance. They have played a pivotal role in
enhancing the region’s healthcare infrastructure.
3. Community Development: Shri Rakesh Rajdev and
the Kanuda Mitr Mandal are actively involved in projects
that aim to elevate the overall living conditions of
communities, fostering better standards of living.
4. Economic Empowerment: Recognising the
8.
9. An Inspiring Legacy for All
Shri Rakesh Rajdev’s journey is a remarkable reminder
that individuals, when driven by a deep sense of
purpose and a genuine desire to serve society, have the
power to create lasting positive change. His legacy
serves as an inspiration and a call to action for us all,
urging us to contribute to the betterment of our
communities and the world at large.
Conclusion
Shri Rakesh Rajdev’s extraordinary dedication to social
welfare and humanitarianism sets an exemplary
standard for us all. His journey is a testament to the
incredible impact one individual can make when driven
by a heartfelt commitment to the welfare of society.
Shri Rakesh Rajdev’s work as an entrepreneur and
philanthropist, inspired by his late father’s values,