Question

What is Article of Association..??

and Memorandum of Association...?​

Answer 1

→ Articles of association form a document that specifies the regulations for a company's operations and defines the company's purpose.

→ The memorandum of association of a company is an important corporate document in certain jurisdictions.

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Answer 2

Explanation:

In corporate governance, a company's articles of association (AoA, called articles of incorporation in some jurisdictions) is a document which, along with the memorandum of association (in cases where the memorandum exists) form the company's constitution, and defines the responsibilities of the directors, the kind of business to be undertaken, and the means by which the shareholders exert control over the board of directors.

In contrast to the memorandum, which declares the business objectives and manners of external affairs, the articles of association defines the businesses internal affairs and manner of achieving the business objective.