Memorandum of Association (MOA) and Articles of Association (AOA) are fundamental documents that define the constitution and operational framework of a company. They are essential for establishing the company’s legal existence and governing its internal management.
- The MOA is a foundational document that outlines the company’s external relationships, objectives, scope, and powers.
- It defines the company’s relationship with the outside world, including shareholders, creditors, and regulatory authorities.
- Key components include the company’s name, registered office, objectives, liability, capital, and subscription details.
Amendments to the MOA & AOA are a crucial aspect of corporate governance, allowing companies to adapt to changing business needs and legal environments. Proper procedure, transparency, and compliance are vital to ensure that amendments are valid and enforceable.