What Is The Relationship Between Memorandum Of Association And Articles Of Association?
What is the relationship between memorandum and articles of association.
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Memorandum of Association is the constitution of the charter of the company that defines and confines the power of the company. And the Articles of Association are the by-laws of the company which give an explanation to the Memorandum. See the link for more information:
www.blurtit.com
www.blurtit.com
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The memorandum of association lists the name if the company, the location it is established/registered and the objectives of the company where as the articles of association define the terms used, the operating principles and legal guidelines of running the organization. Terms such as "Directors of the Company", "Capital", Dividend comprises of what? All these are explained in the Articles and not in the memorandum.
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answered 8 months ago
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