difference between memorandum of association and article of association.dont smap.
Answers
Answer:
The major differences between memorandum of association and articles of association are given as under:
Memorandum of Association is a document that contains all the condition which are required for the registration of the company. Articles of Association is a document that contains the rules and regulation for the administration of the company.
Memorandum of Association is defined in section 2 (56) while the Articles of Association is defined in section 2 (5) of the Indian Companies Act 1956.
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Explanation:
Memorandum of Association is a document that contains all the fundamental information which are required for the incorporation of the company. Articles of Association is a document containing all the rules and regulations that governs the company. Powers and objects of the company. Rules of the company.
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