difference between MOA&AOA....♥NO SPAMS .......DON'T ANSWER THNQS FOR FREE POINTS JUST GIVE ACCURATE ANS.....♥
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Answer:
MEMORANDUM OF ASSOCIATION (MOA) ARTICLES OF ASSOCIATION (AOA)
1. MOA is the constitution of the company. AOA is a set of rule and regulations to govern the company’s working.
2. MOA defines objectives, powers and constraints of the organization as a whole. AOA describe powers, duties, rights and liabalities of individuals associated with the organization (like members of the Board of Directors).
3. MOA must contain six clauses. AOA is prepared as per the requirements of the organization.
4. Registering an MOA is mandatory for all the companies. A public company limited by shares can adopt Table A instead of articles.
5. MOA has to be filed at the time of company registration. Filing AOA at the time of company registration is optional.
6. MOA is the supreme document for the company. AOA is subordinate to the MOA.
7. MOA is the dominant instrument and it controls articles in AOA. Any article in AOA that is in violation of the provisions in MOA, would be considered invalid.
8. MOA of a company can not be amended with retrospective effect. AOA of a company can be amended retrospectively.
9. MOA is defined in the Section 2 (28) of the Companies Act 1956. AOA is defined in the Section 2 (2) of the Companies Act 1956.
10. MOA is subordinate to The Companies Act. This means that MOA can not give any company a power that is not in accordance with the Act. AOA is also subordinate to the Companies Act; but AOA is also subordinate to the MOA.
11. MOA defines objectives of a company. AOA defines regulations with which the company will achieve objectives defined in MOA.