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What is 'Memorandum of Association'? - Business Studies

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What is the 'Memorandum of Association'?

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A memorandum of association (MoA) is the most essential document in the formation of a company as it highlights the company’s main objectives and goals. The MoA regulates the activities of the incorporated company in such a manner that the company can legally undertake only those activities that are mentioned in the MoA. This document must be signed by at least seven members in the case of a public company and by two persons in the case of a private company. 

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पाठ 7: Formation of a Company - Long Answers [पृष्ठ १८०]

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एनसीईआरटी Business Studies [English] Class 11
पाठ 7 Formation of a Company
Long Answers | Q 3.1 | पृष्ठ १८०
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