What essential information must be included in the Memorandum of Association of a company?
The Memorandum of Association of a company must include the following:
(a) The name of the company,
(b) The address of the registered office of the company,
(c) The objectives of the company,
(d) The acts to be carried out to accomplish the objectives of the company,
(e) The figure of the authorized capital of the company and the figure of the share capital to be issued by the company for the time being and the figure undertaken to be paid by the promoter of the company,
(f) Types of shares of the company, rights & powers inherent in such shares, value of each share & number of shares of different types,
(g) Restrictions, if any, on the purchase or transfer of shares,
(h) Number of shares which the promoters have undertaken to subscribe for the time being,
(i) Terms of payments of share amounts,
(j) Statements that the liability of shareholders shall be limited,
(k) The maximum number of shareholders in the case of a private company,
(l) Other necessary matters.

Comments
Post a Comment