What is the Memorandum of Association? explain
Answers
Answer:
here the answer with explanation
Explanation:
Memorandum of Association (MOA) is a legal document that specifies the scope of business activities of the company and information about the shareholding of the company. The MoA is a document prepared for the Company registration procedure. Sometimes, it is called the charter of the company other times, it is just called a memorandum. In most countries, the MOA has to be filed as a ROC Compliance which also includes articles such as MGT-7 and AOC-4 in India. In an attempt to ease the compliance of company incorporation in India, the Ministry of Corporate Affairs (MCA) has introduced online filing for company registration.
The MCA wishes to accomplish One Day Company Formation with the new SPICe forms. After the SPICe form has been prepared, individuals wishing to register a company must submit the e-MoA (INC-33) electronic form along with e-AoA (INC-34) to complete the company incorporation procedure.
The Memorandum of Association (MOA) defines the company’s relationship with its shareholders. It is the most important document of a company as it states the objectives of the company. It also contains the powers of the company within which it can act.
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