memorandum of association


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memorandum of association

the primary constitutional document of a company. It must be drawn up when a company is formed and signed by two or more founder members. It must state the company's name and registered office, the purposes for which it was formed, the amount, if any, of its authorized capital and, where appropriate, that it is a limited (or public limited) company.
References in periodicals archive ?
Article 95: "Irrespective of the number of the shares held, every partner shall have the right to attend the General Assembly in person and may delegate another partner who is not a manager, or any other party that the Memorandum of Association permits to be appointed to represent a partner at the General Assembly to do so.
The official said the JVA includes JVC formation, capital structure, governing body, responsibility finalization of both sides, project implementation, accounts operation and inspection, distribution of profit, which would be implemented through Memorandum of Association (MoA) and Articles of Association (AoA) of the JVC.
A comprehensive Memorandum of Association covering different facets of mutual cooperation in the field of education is under negotiation between the two countries.
The report showed that Licence Renewal transactions numbered 73,404 in H1 of 2019, including 34,250 (47 percent) transactions related to Auto Renewal via text messages, while BRL issued 1,149 instant licences, which were processed in a single step without the need for either the Memorandum of Association or an existing location during the first year.
The participants were briefed about easy registration with eServices, criteria for choosing company name, requirement of stating principle line of business, availability of digital articles and memorandum of association forms and templates for applicant ease, electronic mode of payments and provision of certified copies free of cost at the time of incorporation.
BRL also issued 187 instant licences, which is issued in a single step without the need for either the Memorandum of Association (MoA) or an existing location for the first year only, while the number of DED Trader licences during May 2019 reached 144 licences.
Moreover, a stamp duty of Rs100-Rs200 on a memorandum of association of company have been recommended while non-profit companies and association registered under section 42 will be exempt from stamp duty.
When cross-examined by Najib's lawyer Harvinderjit Singh, Ismee conceded he had not seen Najib signing the minutes or met him when the EGM to pass an amendment to the company's memorandum of association was held.
In the event this company is a limited liability company, there must be a Memorandum of Association and the contents of the same shall be in accordance with Article 42, 43 and Article 73 of the Commercial Companies Law.
The SECP has issued notices to some companies involved in businesses, which are prohibited and contrary to their object clauses of the Memorandum of Association. These companies were found involved in unlawful activities such as collecting unauthorized deposits from the public, leasing of cars, houses, electronic alliances and other goods and materials without lawful authority.
The SECP has issued notices to some companies involved in businesses which are prohibited and contrary to their object clauses of the Memorandum of Association.
The directors have recommended amending the company's memorandum of association considering the adjustments made on company's capital and the shareholders' equity.

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