Suggestions documents related to the formation of Joint Stock company
Answers
Answer:PROMOTERS PREPARE TWO DOCUMENTS AT THE FORMATION TIME.THEY ARE AS FOLLOWS
1.MOA (Memorandum of association)
2.AOA (ARTICLE OF ASSOCIATION)
Explanation:
MOA is a charter which contains the fundamental condition upon which company is formed, It contains companies name, address, amount of capital, objective, right and duties of share holders.
AOA refers to documents which contains rules and regulations for the internal administration of the business.
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Answer:
The main documents required for Joint Stock Company is memorandum and articles. It shows relations and able to suggest between the company and its members are taking place with right joint stock company for forming joint venture and involving with two things. This is now operating with Memorandum of association and it is very important document which contains fundamental rules regarding constitution and activities.