Introduction: The company’s charter outlines the scope of its activities, which is defined by the memorandum of association. The Memorandum of Association outlines the company’s relationship with the members’ rights and interests as well as the company’s relationship with the members. Any company that wishes to change its Memorandum and Read more
Introduction: The concept of One-Person Company was first recommended by the specialized Committee of Dr. Jamshed J. Irani. It consisted of 13 members and 6 invitees from various fields having specialized knowledge. It classified companies based on the number of members into One-Person Company, Private Company, and Public Company. Considering Read more
Introduction: When talking about Indian Law the Board of Directors (BOD) are the one who is in charge of the company and are responsible to cope up with the company and manage it in a proper way. Due to an increase in the number of frauds the shareholders feel insecure Read more
“The Memorandum of Association and Article of Association of a company defines the constitution and the scope of powers of the company. In simple words, these are the foundation on which the company is built.” Introduction: As a corporate firm holder, proprietors likely see the term Memorandum of Association and Read more
DEFINITION OF MEMORANDUM OF ASSOCIATION “The Memorandum of Association of an organization is the sanction and characterizes the impediment of the intensity of the organization set up under the Act”. “LORD CAIRNS” Memorandum of Association is the most significant archive of an organization. It expresses the items for which the Read more