What is Memorandum of Association?
A Memorandum of Association (MOA) is a crucial legal document in the process of forming a company. It defines the company's purpose, structure, and scope of activities, serving as the company's charter. The MOA acts as a contract between the company and its stakeholders, outlining their roles and responsibilities while setting the boundaries within which the company operates. In this blog, we’ll delve into the meaning, purpose, components, and importance of the Memorandum of Association in business operations. Understanding Memorandum of Association The Memorandum of Association is a document that outlines the foundation of a company. It includes details about the company’s name, registered address, objectives, liability of members, and share capital. In India, under the Companies Act, 2013, the MOA is mandatory for registering a company. It is filed with the Registrar of Companies (ROC) during the incorporation process. Purpose of the Memorandum of Association The MOA serves...