Write in brief about memorandum of association

The Memorandum of Association (MoA) is a fundamental legal document that establishes the existence of a company and defines its scope of operations. It is prepared during the formation of a company and must be signed by all subscribers (promoters) to become a company under the Companies Act. The MoA includes key details such as:

• Name and registered office of the company.
• Main objects (purpose) of the company.
• Authorised capital (maximum share capital the company can issue).
• Liability of members (whether limited or unlimited).
• Duration of the company (if not perpetual).

The MoA cannot be altered easily and must be approved by the Registrar of Companies. It serves as a contract between the company and its members, outlining the company’s powers and limitations.