Memorandum of Association Companies Act 1956.
Notwithstanding anything in the memorandum or articles of a company, no member of the company shall be bound by an alteration made in the memorandum or articles after the date on which he became a member, if and so far as the alteration requires him to take or subscribe for more shares than the number held by him at the date on which the alteration is made, or in any way increases his.The term articles of association of a company, or articles of incorporation, of an American or Canadian Company, are often simply referred to as articles (and are often capitalized as an abbreviation for the full term). The Articles are a requirement for the establishment of a company under the law of India, the United Kingdom, Nigeria, Pakistan and many other countries. Together with the.The formulation of the articles of association is of great importance from the point of view of the company’s activities. Articles of association that are not suitable for the company’s purposes may decrease the benefits, which the shareholders can obtain from the company. It is recommendable to pay due attention to the contents of the articles of association already during the company's.
The memorandum of association of a company is an important corporate document in certain jurisdictions. It is often simply referred to as the memorandum. In the UK, it has to be filed with the Registrar of Companies during the process of incorporating a company. It is the document that regulates the company's external affairs, and complements the articles of association which cover the company.Alteration of Articles of Association is relatively easier Thank Writer; Comment; Blurt; thanked the writer. blurted this. vishal answered. Memorandum of association is the fundamental charter under this all the information feed like name of the company, location of the company,object of the company etc. But the articles of association is the constitution of the company under this all the.
Definition of memorandum of association: British A document that regulates a company's external activities and must be drawn up on the formation of a registered or incorporated company. As the company's charter it (together with the. Dictionary Term of the Day Articles Subjects BusinessDictionary Business Dictionary Dictionary Toggle navigation. Uh oh! You're not signed up. Sign Up Close.
