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MEMORANDUM OF ASSOCIATION IN COMPANY DRAFTING

MEMORANDUM OF ASSOCIATION IN COMPANY DRAFTING

MOA also known as the Memorandum of Association is the most important document you will need for the incorporation or the registration of a company filed with the registrar of companies and should be drafted carefully.

This document is important since it contains basic conditions for the operation of a company. Charter of company is another name given to the memorandum. Objectives, rights, liabilities running parallel to the constitution of the company makes memorandum of association.

Points to be taken care of while drafting a MOA

The memorandum comprises of 6 clauses.

1. Name clause

The name of the company approved by the MCA is stated.

2. Registered office clause

Under this clause the state in which the registered office of the company is situated is mentioned.

3. Object clause

This is the most important clause. This clause is further divided into 3 sub-parts

Main object these are the objects which the company wishes to attain immediately after its incorporation. These objects include the activities such as manufacturing, sales, trade etc which are the parts of the main business and hence have to be stated very clearly.

The objects incidental-these objects cover the activities which are essential for the attainment of the main objects. Example can be amalgamation empowerment of the company, power to take over new businesses, enrollments etc.

Other objectsthese objects include those arenas which the company proposes to attain in future.

4. Liability clause

This clause states the limit up to which the each member is liable to the company.

5. Capital clause

Under this clause the maximum limit to which the company can arise capital is mentioned.

6. Subscription clause

In this clause each subscriber has to sign the memorandum in the presence at least one witness and write the number of shares he/she will take. Each member has to take at least one share.

 Easydrafting will help in drafting the Memorandum of Association of the Company.

Easydrafting.in specializes in drafting of affidavits, Rent agreement, different contracts & agreements and has an expert team of professionals including Lawyers, Company Secretaries and drafting experts.

The main aim of easy drafting is to draft and provide the document without any hassle which we face in our day to day life while dealing with legal matter.

We at easy drafting make this process friendly and provide desired documents and advise to the end user effortlessly and at minimum cost.

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