What are the elements of article of association?
Generally, the AoA includes a company’s legal name, address, purpose, equity capital, organization of the company, financial provisions, and provisions regarding the shareholder meetings.
What are the contents of articles of association any 5?
Contents of Articles of Association
- Interpretation.
- Private Company.
- Share Capital and Variation Of Rights.
- Preference Shares.
- Alteration to Memorandum.
- Control of Shares.
- Shares held Jointly.
- Increase of Capital.
What are the main clauses of articles of association?
Main Clauses of Memorandum of Association
- Name Clause. A legal entity, as obvious as it may be, must have a name, which forms the identity of the enterprise.
- Domicile Clause.
- Objects Clause.
- Liability Clause.
- Capital Clause.
- Subscription Clause.
What are the contents of articles of association answer?
Contents of Articles of Association (AOA): Amount of shares, capital, value, and type of shares.
What is articles of association in India?
Articles of Association (AOA) A company’s Articles of Association (AOA) is a primary declaration of the company’s nature, purpose and ends which, along with the Memorandum of Association, forms together the company’s constitution. These must be submitted at the time of application for incorporation.
What are the contents of memorandum of association and articles of association?
The memorandum of association is the document that sets up the company and the articles of association set out how the company is run, governed and owned. The articles of association includes the responsibilities and powers of the directors and the means by which the members exert control over the board of directors.
What are the 6 clauses of memorandum of association?
Memorandum of Association (MOA) includes six different clauses as mentioned below:
- Name Clause.
- Domicile Clause.
- Objects Clause.
- Liability Clause.
- Capital Clause.
- Subscription Clause.
What are the importance of article of association?
Importance of Articles of Association: It gives provisions for the company’s inner workings such as the manner of making calls, director’s/employees qualifications, powers and duties of auditors, forfeiture of shares, dividend policy, etc. Neither company nor members bound to outsiders.
What are the contents of memorandum and articles of association?
What are the four clauses of Memorandum of Association?
A memorandum of association (MOA) contains a name clause, registered office or business location clause, objective or objects clause, liability clause, capital clause, as well as an association clause.
What are the contents of Memorandum of Association?
A memorandum of association contains a name clause, registered office clause, object (or objective clause), objects clause, liability clause, capital clause, and association clause. An MOA is a type of legal paper that is prepared when forming and registering a limited liability company (LLC).