What is MOA?
A Memorandum of Association (MOA) is a legal document prepared in the formation and registration process of a limited liability company to define its relationship with shareholders. The MOA is the charter of the company which defines and limits the powers of a company for the information of the public at large.
What are the main clause of the MOA?
There are six clauses of MOA i.e Name clause, situation clause, object clause, liability clause, capital clause, Association clause.
When it is to be filed?
It has to be filed with the Registrar of Companies during the process of incorporating a company. It contains the fundamental conditions under which the company is allowed to operate. it had to include the "objects clause" which let the shareholders, creditors and those dealing with the company know what is its permitted range of operation.
What is AOA?
It refers to that document of the company in which rules of internal management to achieve the objective laid down in the memorandum of association are stated and form the company's constitution.
AOA defines the responsibilities of the directors, the kind of business to be undertaken, and the means by which the shareholders exert control over the board of directors.
