Description
Business law, memorandum of assosiation
P.D.LIONS COLLEGE OF COMMERECE AND ECONOMICS
SUBJECT: BUSINESS LAW
FACULTY NAME: PREETI YADAV
Topic: MEMORADUM OF ASSOCIATION
STD: F.Y.BMS
GROUP MEMBERS NAME AND ROLL NO.
Roll no. 33. 41. 26. 37. 57.
Name Ajay Jain Aakash kakkad Manan Dhamecha Pratik Jain Bhavik Mehta
MEMORANDUM OF ASSOCIATION
Section.2 (28) “Memorandum means memorandum of association of a company as originally framed or altered from time to time as per the existing companies act.” Memorandum of association is the document which contains the rules regarding constitution and activities of the company.
CONTENTS OF MEMORANDUM OF ASSOCIATION (SECTION.13)
1. NAME CLAUSE – Promoters of the company have to make an application to the registrar of the companies for the name of the company. The company can adopt any name if : • There is no other company registered under the same or identical name. • The name should not misleading the public & therefore prohibited by the central government.
2.
REGISTERED OFFICE CLAUSE – The Company shall from the day
an which commences the business or within thirty days after the date of its incorporation have a registered office to it which all communication and notices may be addressed. The memorandum must specify the state in which the registered office of the company is to be situated.
3. OBJECT CLAUSE - The memorandum must state • The main objects of the company. • The other ancillary to the attainment of the main object. • Other object of the company : Objects stated in the main object are to be stated y the company immediately after incorporation.
4. CAPITAL CLAUSE - The memorandum must state the amount of the share capital with which the company is to be registered. The capital with which the company is registered is called as authorized or nominal share capital. Each subscriber must take atleast one share.
5. LIABLITY CLAUSE – Memorandum of association of a company limited by shares or by guarantee shall state the liability of its members. A member is liable only for the amount which he has to pay promised to pay while purchasing the share, but not yet paid. For the fully paid up shares the liability is NIL.
6.
SUBSCRIPTION CLAUSE – Each subscriber to the memorandum of
the company shall take atleast one share incase of a private company minimum two subscriber & incase of public company seven subscriber is minimum.
doc_891082790.pdf
Business law, memorandum of assosiation
P.D.LIONS COLLEGE OF COMMERECE AND ECONOMICS
SUBJECT: BUSINESS LAW
FACULTY NAME: PREETI YADAV
Topic: MEMORADUM OF ASSOCIATION
STD: F.Y.BMS
GROUP MEMBERS NAME AND ROLL NO.
Roll no. 33. 41. 26. 37. 57.
Name Ajay Jain Aakash kakkad Manan Dhamecha Pratik Jain Bhavik Mehta
MEMORANDUM OF ASSOCIATION
Section.2 (28) “Memorandum means memorandum of association of a company as originally framed or altered from time to time as per the existing companies act.” Memorandum of association is the document which contains the rules regarding constitution and activities of the company.
CONTENTS OF MEMORANDUM OF ASSOCIATION (SECTION.13)
1. NAME CLAUSE – Promoters of the company have to make an application to the registrar of the companies for the name of the company. The company can adopt any name if : • There is no other company registered under the same or identical name. • The name should not misleading the public & therefore prohibited by the central government.
2.
REGISTERED OFFICE CLAUSE – The Company shall from the day
an which commences the business or within thirty days after the date of its incorporation have a registered office to it which all communication and notices may be addressed. The memorandum must specify the state in which the registered office of the company is to be situated.
3. OBJECT CLAUSE - The memorandum must state • The main objects of the company. • The other ancillary to the attainment of the main object. • Other object of the company : Objects stated in the main object are to be stated y the company immediately after incorporation.
4. CAPITAL CLAUSE - The memorandum must state the amount of the share capital with which the company is to be registered. The capital with which the company is registered is called as authorized or nominal share capital. Each subscriber must take atleast one share.
5. LIABLITY CLAUSE – Memorandum of association of a company limited by shares or by guarantee shall state the liability of its members. A member is liable only for the amount which he has to pay promised to pay while purchasing the share, but not yet paid. For the fully paid up shares the liability is NIL.
6.
SUBSCRIPTION CLAUSE – Each subscriber to the memorandum of
the company shall take atleast one share incase of a private company minimum two subscriber & incase of public company seven subscriber is minimum.
doc_891082790.pdf