memorandum of association


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memorandum of association

a legal document which must be filed with the REGISTRAR OF COMPANIES before a JOINT-STOCK COMPANY can be incorporated, and which governs the external relationship between the company and third parties. The memorandum must contain certain compulsory clauses stating:
  1. the name of the company;
  2. the objects of the company;
  3. the country in which the company is situated;
  4. whether it is limited by shares or other means;
  5. the amount and division of share capital;
  6. the signature of the subscribers forming the company, each of whom must take at least one share. See ARTICLES OF ASSOCIATION.

memorandum of association

a legal document that must be filed with the Register of Companies before a JOINT-STOCK COMPANY can be incorporated and that governs the external relationship between the company and third parties. The memorandum must contain certain compulsory clauses stating:
  1. the name of the company;
  2. the objects of the company;
  3. the country in which the company is situated;
  4. whether it is limited by shares or other means;
  5. the signatures of the subscribers forming the company, each of whom must take at least one share. See ARTICLES OF ASSOCIATION.
References in periodicals archive ?
Article 84 precludes the possibility of limiting a manager's liability through the LLC's memorandum of association or the manager's employment contract.
Where start-ups could recover the first 3 years of Commercial Registration fees and its renewal, as well as the registration of trademarks, also the Chambers of Commerce subscription, Municipality License, besides 80% of the Expat Fee, Saudi Post's subscription to the "National Address", the fees for publishing the Companys Memorandum of Association and the licenses for economic activities.
He/she is eligible for the profits of the company in accordance with the provisions of the firm's memorandum of association.
The Contractor argued that it is evidenced from the Company's Memorandum of Association, appointing the Respondent as the Company's manager; nevertheless, the MOA did not authorise the Respondent to enter into arbitration on behalf of the Company.
If the proxy fails or neglects to pay the governmental taxes owed to the state and finally in the event of breach of the Companies Act or the Memorandum of Association and its internal regulations.
The Commission enabled same day online incorporation without charging any extra fee subject to adoption of short memorandum of association.
The General Assembly approved the amendments of its memorandum of association (MoA) to make it more attractive for SMEs, enable them to get more benefits from the services provided by the Agency and ensure them getting their due payments from the local buyers.
Among other things short memorandum of association of 68 sectors are available on the website which made it easier for the promoters to incorporate the company by adopting the same.
Any decisions relating to the next financial year ( 2016- 17) could only be taken after the adoption of the Memorandum of Association and Rules as per the recommendations of the Supreme Court- appointed panel.
The UAE government has granted a one-year extension to companies for amending their Memorandum of Association and Articles of Association in compliance with the provisions of the Federal Law on commercial companies.
They are now being facilitated back into office by Fianna Fail who wrecked the economy and paved the way for water charges by signing the memorandum of association with the Troika.
Oman's commitment to diversify the economy has seen the State General Reserve Fund (SGRF), Oman Investment Fund (OIF), Oman Oil Company (OOC) and Oman National Investments Development Company (TANMIA) entering into a memorandum of association to incorporate a new company, Mining Development Oman (MDO).

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