Question

Differentiate between Memorandum of association and Articles of association.


(I want a long answer)​

Answer 1

Answer:

Memorandum Vs ArticlesThe memorandum of association and articles of association are the two charter documents, for the 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.

Answer 2

Answer:

The memorandum of association and articles of association are the two charter documents, for the 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 bye-laws that govern the company’s internal affairs, management, and conduct. Both MOA and AOA, require registration, with the registrar 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.

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