A Memorandum of Association (MOA) is a legal document prepared during the formation and registration process of the company. MOA defines company’s relationship with share-holders.
- General public can access company’s MOA. It contains company’s name, physical address of registered office, name of share-holders, etc.
- The Articles of Association is a document that contains the purpose of the company as well as the duties and responsibilities of its members.
- It also contains the rules and regulations under which the company will conduct it’s administration.
- Rights of members, share installment, share forfeiture, powers of Board of Directors, etc.
- Both the documents i.e. Memorandum of Association and Articles of Association become public documents after they get registered.
Both these documents together give all the information about the type of company, how will it function, liability of members, rights and duties, etc. These documents serve the same purpose for a company that a country’s constitution does for the country
- Hence, Memorandum of Association and Articles of Association together can be termed as the constitution of a company maximum 200 for a private company.
