Explain the following concept: Memorandum of Association

Explain the following concept:

Memorandum of Association

Monjur Alahi

5 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

It is a secondary document.
A Memorandum of Association is a primary document of a company.
It states the objects for which the company is formed.
A Memorandum of Association of a company is a charter or constitution of a company.
It describes the range of activities a company can undertake.
No company can be registered without a Memorandum of Association.
Memorandum establishes a relationship between the company and an outsider.

5 views Answered 2023-02-05 15:29

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