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Difference between Memorandum of Association and Article of Association



Basis of Difference
 Memorandum
of Association

Article of Association
1.Definition





It is that document of
company which shows company's objectives, company's rights and area
limitations. It is the charter of company
This is that document which shows internal rules of company. It is necessary for the management of company. It clears the rights of managers.
2. Apply the Section


Indian company law's
section 2(28) applies for making MOA.
Indian company law's section 2(2) applies for making AOA.
3. Contents









In documents, following are main contents
a) name of clause
b) registered office clause
c) objective clause
d) Liability and capital clause
There are not any fixed clauses but following contents may be increased or decreased
a) Adoption of preliminary contracts
c) No. of shares and price
d) allotment and call of shares
4. Apply doctrine Doctrine of ultravirse applies on MOA Doctrine of indoor management applies on AOA

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