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the third Jal

Memorandum of Association v. Articles of

Association
Basis Memorandum
of Association Articles of
Association
1. Objectives
Memorandum of Association The
defines and delimits the Articles of
lays down association
the rules and
objectives of the
company. regulations for the
internal
management of the company.
Articles determine how
the
objectivesof the
to be achieved. company
are

2. Subordinate Memorandum is subordinate

to the Articles are
subordinate to
Companies Act, but both the
Memorandum lays down the memorandum and the
parameters for the articles. Companies Act.
3. Alteration
Memorandum of association The articles
can be altered can be altered
only under
simply by passing
certain circumstances and in a
special
the manner resolution.
provided for in
the Act. In most
cases
permission of the Regional
Director, or the Tribunal is
4. Relationship required.
Memorandum defines the Articles define the
relationship of the relationship
with company between the company and its
5. Ultra Vires the outside world.
members.
Acts done
by the company The acts ultra-vires the articles
beyond the scope of the can be ratified by a
memorandum are ultra-vires special
resolution of the shareholders
 7.12 Corporate Laws
and void. These cannot be
provided they are not beyond
ratified even by the unanimous the
consent of all the shareholders.
provisions of the
memorandum.
6. Compulsory
Memorandum of
association| Public company limited by
has to be
compulsorily filed shares need not file the
by every company.
articles of association and
instead adopt Table F

DOCTRINE OF
Sectian 709 nrauid CONSTRUCTIVE NOTICE