Features of Memorandum of Association

A Memorandum of Association (MOA) is a legal document prepared in the formation and registration process of a limited liability company to define its relationship with shareholders.

The memorandum of Association regulates the external activities of the company. It contains the following:

  • The name of the company.
  • The names and addresses of the shareholders.
  • The number of share held by each shareholder.
  • The location of the registered office.
  • The objectives of the company.
  • The type of contracts the company can enter into.
  • The names and addresses of the first directors
  • A statement on whether liability of the members is limited by shares or guarantee.
  • A statement on whether the company is private or public.

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