mamorandum of association defines.
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The memorandum of association of a company is an important corporate document in certain jurisdictions. It is often simply referred to as the memorandum. In the UK, it has to be filed with the Registrar of Companies during the process of incorporating a company.
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Memorandum of Associate is the principal of a company . It is considered as the charter of the the company . It contains the powers and objectives of the company . It can be altered only according to the provisions made in the companies act regarding it's alterations. It provides information to the outsiders such as creditors, supplies etc. It is also known as the Doctrine of outdoor management .
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