Question

Distinguish between moa and aoa on the basis of a)objective b)position c)relationship

Answer 1

Answer:

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Explanation:

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Answer 2

Memorandum of Association

1. OBJECTIVE :- Memorandum of association defines the objects for which the company is formed.

2. POSITION :- This is the main document of the company and is subordinate to the companies Act.

3. RELATIONSHIP :- Memorandum of association defines the relationship of the company with outsiders.

Articles of Association

1. OBJECTIVE :- Articles of association are rules of internal management of the company. They indicate how the objectives of the company are to be achieved.

2. POSITION :- This is a subsidiary document and is subordinate to both the memorandum of association and the companies act.

3. RELATIONSHIP :- Articles define the relationship of the members and the company.

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