What is the difference between MOA & AOA?
‘Memorandum of Association’ abbreviated as MOA, is the root document of the company, which contains all the basic details about the company. On the other hand, ‘Articles of Association’ shortly known as AOA, is a document containing all the rules and regulations designed by the company.
What is the relationship between AOA and MOA?
Memorandum of Association (MOA) is a document that contains all the fundamental data which are required for the company incorporation. Articles of Association (AOA) is a document containing all the rules and regulations that govern the company.
What is the memorandum and articles of association prospectus?
Memorandum of association for a company is like the constitutional law for a country. It is the document which contains the rules regarding constitution and activities of the company. It is a fundamental charter of the company.
Which is more important MOA or AOA?
The AOA is subordinate to the MOA of a company and is governed by the MOA. Every company must have an AOA as it plays a vital role in defining its internal rights, workings, management and duties. The contents of AOA should be in sync with the MoA and the Companies Act, 2013.
What is the difference between memorandum of association MOA and articles of association AOA )? Elucidate with the help of illustrations?
The first difference between MOA and AOA while the MOA (Memorandum of Association) describes the powers and objects of the company, the AOA (Article of Association) defines its rules. The MOA is subordinate to the Companies Act, and the AOA (Articles of Association) is subordinate to the memorandum.
What is a prospectus of a company?
A company’s prospectus is a formal legal document designed to provide information and full details about an investment offering for sale to the public. Companies are required to file the documents with the Securities and Exchange Commission (SEC).
What is company prospectus?
What is the difference between MoA and AoA Class 11?
Solution. The MoA defines the character of a company and the scope of its activities. The AoA defines the rules and regulations of the company. It is the main document of a company which is subordinate to the Companies Act.
What is prospectus plural?
noun. pro·spec·tus | \ prə-ˈspek-təs , prä- \ plural prospectuses.
What is difference between share and debenture?
Shares are the company-owned capital. Debentures are the borrowed capital of the company. The person who holds the ownership of the shares is called as Shareholders. The person who holds the ownership of the Debentures is called as Debenture holders.
What are the two types of prospectus?
Prospectus
- The prospectus is a legal document, which outlines the company’s financial securities for sale to the investors.
- According to the companies act 2013, there are four types of the prospectus, abridged prospectus, deemed prospectus, red herring prospectus, and shelf prospectus.
What is the main purpose of prospectus?
A prospectus is a formal document that is required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering to the public. It is very useful to investors as it informs them of the risks involved with investing in the security or fund.
What is doctrine of ultra vires?
The Doctrine of Ultra Vires is a fundamental rule of Company Law. It states that the objects of a company, as specified in its Memorandum of Association, can be departed from only to the extent permitted by the Act.
Can I change MOA and AOA of company?
Q. Can the MoA and AoA be altered in the same meeting? Yes, it is possible to call one meeting to alter both the Memorandum of Association and Articles of Association of a company.