Memorandum and Articles of Association: A Legal Framework
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The Memorandum of Association (MoA) is the most fundamental document of a company. It acts as the company's constitution, defining its core purpose, powers, and boundaries. Any activity a company undertakes must fit within the scope of this document.
1. The Six Compulsory Clauses of an MoA
Every Memorandum must contain six foundational sections:
- The Name Clause: States the official name of the company. A private company must end with "Private Limited" (e.g., Maan Private Limited) and a public company with "Limited". The name must be unique and cannot mislead the public.
- The Registered Office Clause: Identifies the state where the company's registered office is located. This determines the jurisdiction of the court and the Registrar of Companies