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प्रश्न
Distinguish between 'Memorandum of Association' and 'Articles of Association.'
उत्तर
|
Basis of difference |
Memorandum of Association (MoA) |
Articles of Association (AoA) |
|
Objective |
The MoA defines the character of a company and the scope of its activities. |
The AoA defines the rules and regulations of the company. |
|
Position |
It is the main document of a company which is subordinate to the Companies Act. |
It is the subsidiary document of a company which is subordinate to both MoA and the Companies Act. |
|
Relationship |
The MoA establishes the relation between the company and outsiders. |
The AoA defines the relation of the company with its members. |
|
Alteration |
Altering the MoA requires the approval of statutory authority. |
The AOA can be easily altered by passing a resolution. |
|
Ratification |
Acts beyond MoA cannot be ratified. |
Acts beyond the AoA can be ratified by the members if they do not violate the MoA. |
|
Necessity |
It is a necessary document. |
It is a secondary document. |
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संबंधित प्रश्न
Choose the correct option for the following
Application of approval of name of a company is to be made to
True/False Answer Question:
It is necessary to get every company incorporated, whether private or public.
True/False Answer Question:
A company can commence business after incorporation.
True/False Answer Question:
A company can ratify preliminary contracts after incorporation.
True/False Answer Question:
If a company is registered on the basis of fictitious names, its incorporation is invalid.
List the documents required for the incorporation of a company.
What is the 'Memorandum of Association'?
Briefly explain the clauses of 'Memorandum of Association'?
What is the meaning of the Certificate of Incorporation?
