Why is MOA important for a company?
The Memorandum of Association (MOA) defines the company’s relationship with its shareholders. It is the most important document of a company as it states the objectives of the company. It also contains the powers of the company within which it can act.
Why is AoA important?
The AoA is an important charter document laying down regulations governing the management of the company including information regarding general meetings, board of directors, proceedings by the Board and details on voting rights.
Is MOA and AoA mandatory?
MOA is a compulsory document which must be registered with the ROC at the time of incorporation of the company. On the other hand, AOA is not obligatory and in case of limited shares, a company can use its Table A in its place.