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InterviewSolution
| 1. |
What difference between MOA and AOA in short ? |
| Answer» <th>BASIS FOR COMPARISON</th> <th>MEMORANDUM OF ASSOCIATION</th> <th>ARTICLES OF ASSOCIATION</th> \t\t\tMeaningMemorandum of Association is a document that contains all the fundamental information which are required for the incorporation of the company.Articles of Association is a document containing all the rules and regulations that governs the company.Defined inSection 2 (56)Section 2 (5)Type of Information containedPowers and objects of the company.Rules of the company.StatusIt is subordinate to the Companies Act.It is subordinate to the memorandum.Retrospective EffectThe memorandum of association of the company cannot be amended retrospectively.The articles of association can be amended retrospectively.Major contentsA memorandum must contain six clauses.The articles can be drafted as per the choice of the company.ObligatoryYes, for all companies.A public company limited by shares can adopt Table A in place of articles.Compulsory filing at the time of RegistrationRequiredNot required at all.AlterationAlteration can be done, after passing Special Resolution (SR) in Annual General Meeting (AGM) and previous approval of Central Government (CG) or Company Law Board (CLB) is required.Alteration can be done in the Articles by passing Special Resolution (SR) at Annual General Meeting (AGM)RelationDefines the relation between company and outsider.Regulates the relationship between company and its members and also between the members inter se.Acts done beyond the scopeAbsolutely voidCan be ratified by shareholders.\t | |