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 84 of the Companies Law states that every manager shall be liable to the LLC, the partners/shareholders and third parties for: (i) any "fraudulent acts"; (ii) any losses or expenses incurred due to "improper use of the power"; (iii) contravention of the provisions of any applicable law, the memorandum of association (bylaws) of the LLC or his/her employment contract; or (iv) any "gross error".
The beneficiaries are able to print the Commercial Registration Contract and the company's Memorandum of Association without having to visit the Ministrys Headquarters.
The time to register a company had also been reduced to four hours in one-go where requirements were now only submission of name availability with three options and incorporation application with model memorandum of association and articles of association, they mentioned.
Summary: You should review the memorandum of association of the company assuming it is a limited liability company.
The time to register a company is now four hours in one go where requirements are submission of name availability with three options and incorporation application with model memorandum of association and articles of association.
The promoters of a company would only require submitting a combined application that contain three options of name for proposed company and incorporation application with model memorandum of association and articles of association.
When quizzed if he expects the Bangladesh series to go ahead successfully, Smith said that it would be unfair to go away with the tour after Australia A rejected to visit South Africa in the wake of stalled Memorandum of Association (MoU) between two governing bodies.
Jordan's His Majesty King Abdullah II and Saudi Arabia's Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, oversaw the signing of the memorandum of association of the Saudi-Jordanian Investment Fund Company.
The Respondent, in his personal capacity and as a proxy of the other two shareholders in the Company, assigned their shares in the Company to other parties by virtue of a notarised Memorandum of Association ("MOA").
Article 347 of the law gave companies that were already in existence until June 2016 to amend their Memorandum of Association and Articles of Association.
With representatives from the Ministry of Economy and Commerce and external auditors in attendance, the meeting discussed articles of association and the memorandum of association of the company, auditor appointment and valuations.
The land could not be sold so far as the purpose to establish coal-fired power plant is not covered by the objectives of the PTCL declared in its memorandum of association.

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