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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The Decisions by the General Assembly shall not be valid unless passed by the majority of the partners present in person and those represented at the meeting, unless the Memorandum of Association provides for a higher majority.
The company shall not reject the entry of such assignment or pledge in the register unless the transfer or pledge violates the provisions of the Memorandum of Association or this Law."
In addition, the bank has approved the report of the External Auditors in this regard and the amendment of Article (6) of the Memorandum of Association and article (5) of the Articles of Association of the bank as stipulated in agenda of the bank's 34th Extra-Ordinary General Assembly held recently.
The Bank also approved the report of the External Auditors in this regard and the amendment of Article (6) of the Memorandum of Association and article (5) of the Articles of Association of the Bank as stipulated in agenda of Burgan Bank's 34th Extra-Ordinary General Assembly which was held at on Sunday.
12 (BNA): His Majesty King Hamad bin Isa Al Khalifa issued Decree 62/2018 sanctioning modification of the Statutory Articles and Memorandum of Association of Bahrain Bourse (BSC -- closed) Company.
The shareholders have approved the company's Memorandum of Association and the Partners Agreement and have agreed to choose the appropriate name.
The signing of the memorandum of association took place between Al Shaer and the managing director and chief executive officer of Kuwait Finance House-Bahrain, Abdulhakeem Y Al-Khayyat, in the presence of high-level officials from both sides.
In addition, he said the Act does not specifically restrict PSO from entering into new businesses that are allowed by its Object Clause as under the Companies Ordinance, 1984 a company can undertake businesses for which it has the capacity in terms of the object clause of its Memorandum of Association (Object Clause).
In addition, theAct does notspecifically restrict PSO from entering into new businesses that are allowed by its Object Clause as under the Companies Ordinance, 1984 a company can undertake businesses for which it has the capacity in terms of the object clause of its Memorandum of Association (Object Clause).
Arch Capital Group previously announced in a report on Form 8-K filed with the SEC on May 15 that its shareholders approved an amendment to the company's Memorandum of Association to effect a three-for-one split of the company's common shares.
But they may own no more than 49 percent of the share capital of Qatari listed companies on Qatar Exchange, after the approval of the Ministry of Economy and Commerce on the percentage proposed in the Company's memorandum of association and articles of association.
The time to register a company had also been reduced to four hours in one-go where requirements were now only submission of name availability with three options and incorporation application with model memorandum of association and articles of association, they mentioned.

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