Memorandum of Association
The foundational charter document defining a company's objects and scope of activity.
In Simple Terms
The founding document that says what a company is allowed to do and why it exists.
Detailed Legal Meaning
The Memorandum of Association is the charter document of a company, defining its name, registered office, objects, liability of members, and capital, and delimiting the boundary of the company's activities — acts beyond its stated objects are generally regarded as ultra vires.
Relevant Acts & Sections
- Companies Act, 2013Search on India Code ↗