Basis of Difference Memorandum of Association Article of Association 1.Definition It is that documen...
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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