MOA

Memorandum of Association (MOA)

A Memorandum of Association (MOA) is a legal document that sets out the constitution of a company and defines its relationship with the outside world. It is one of the three main documents required for the incorporation of a company in India, along with the Articles of Association (AOA) and the Incorporation Certificate.

The MOA contains the following key provisions:

• Name of the company: This section states the name of the company and whether it is a private or public limited company.
• Registered office: This section states the address of the company’s registered office.
• Objectives of the company: This section states the main objectives of the company and the business activities it will engage in.
• Capital of the company: This section states the authorized and paid-up capital of the company and the number of shares into which it is divided.
• Liability of the members: This section states whether the liability of the members is limited or unlimited.
• Subscription clause: This section states the number of shares taken by each subscriber and the amount of money paid for each share.

The MOA is a public document and is filed with the Registrar of Companies (ROC) during the process of incorporation. advise to clients on the importance of MOA and to ensure that the provisions of the MOA are in compliance with the Companies Act and other laws applicable to the company.