Question

Deferences btween Memolandum
of
Association &
articles of association​

Answer 1

Answer:

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

Explanation:

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Answer 2

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Detail note given below:

• The memorandum of association and articles of association are the two charter documents, for setting up of the company and its operations thereon. ‘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.

• While the MOA sets out the company’s constitution, and so it is the cornerstone on which the company is built. Conversely, AOA comprises of bye-laws that govern the company’s internal affairs, management, and conduct. Both, MOA and AOA, requires registration, with theRegistrarr of companies (ROC), when the company goes for incorporation.

• To further comprehend the difference between memorandum of association and articles of association, take a read of the given article.