What is the difference in the main objects of Articles of Association and Memorandum of Association?
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MOA lays down the conditions for the registration of the company, whereas, AOA is a document that contains the rules and regulations for the administration of the company. ... MOA defines the relationship between the company and the outside world, whereas AOA defines relations within the company.
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Articles of Association (AOA) describes the rules and regulations for the internal management of the company
It usually contains regulation relating to Share capital and Variation rights, Lien, Calls on Shares, Transfer and Transmission of shares etc.
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