Sunday, 27 September 2015

DIFFERENCE BETWEEN MEMORANDUM AND ARTICLES



MEMORANDUM
ARTICLES
It is a primary document
It is Secondary document
It is subordinate to the Act
It is subordinate to MOA & the Act
It is a must for every Company
Can be written or taken from Company Act
Strict provisions for alteration
Special Resolution is sufficient except where the amendment brings in to effect a private from public
Ultra virus MOA even all the members. Cannot ratify it.
Ultra virus AOA but intra virus the MOA can be Ratified.

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