| Basis | Memorandum of Association | Articles of Association |
| 1. Meaning | Memorandum of Association is a document that contains all the fundamental information which are required for the incorporator of the company. | Articles of Association is a document containing all the rules and regulations that govern the company. |
| 2. Defined in | Section 2(56) | Section 2(5) |
| 3. Types of information contained | Powers and objects of the company. | Rules for internal management of a company. |
| 4. Status | It is subordinate to companies Act. | It is subordinate to Memorandum. |
| 5. Retrospective effect | The memorandum of the company cannot be amended retrospectively. | The Articles of Association can be amended retrospectively. |
| 6. Major contents | A memorandum must contain 6 clauses. | The Articles can be drafted as per the choice of the company. |
| 7. Filing with registrar | Memorandum of Association must be filed with Registrar of Company by all types of companies. | Filing of Articles of Association is optional for a public company as it may adopt Table (A). |
| 8. Alteration | Alteration can be done after passing special resolution in Annual General Meeting and previous approval of central government or company law board is required. | Alteration can be done in the Articles by passing special Resolution at Annual General Meeting. |
| 9. Relation | Define the relationship between company and outsider. | Regulates the relationship between company and members. |
| 10. Acts done beyond the scope | Absolutely void. | Can be satisfied by shareholders. |
