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Draft Your Memorandum of Association
Startbizindia.in welcomes you in our unique facility, where you can draft your own Memorandum of Association.
Memorandum of Association
Memorandum of Association is the principal document of the Company which defines its constitution and lays the down the foundation on which the structure of the Company stands. It defines the scope of business activity and its relationship with outside world.
The Memorandum of Association is divided into the following six clauses:
- Name Clause: It states the name of the Company
- Situation Clause: It states the State in India in which the Company is registered
- Main Object Clause: It is divided into:
- The Main Activities, which would be immediately carried on by the Company after its incorporation
- The Ancillary Activities, which are necessary for carrying on the activities as mentioned above
- Other Activities, which the Company may intends to carry on in future.
- Liability Clause: It states whether the liability of members is limited or unlimited
- Capital Clause: It states the maximum Authorized Capital of the Company with which its is registered and the classes of shares in which it is divided.
- Association/Subscription Clause: It states that all the promoters have agreed jointly to be formed as Company.
How I can prepare my Memorandum of Association?
Just follow the few simple steps:
- Provide preliminary company details
- Select your business activity, choose your main objects out of given options by clicking the check box & generate your Memorandum with our standard Ancillary & other object Clauses or
- Select ancillary and other objects clause out of the options available & than generate your Memorandum of Association
- After generation, please save the copy of Memorandum of Association on your Desktop.
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