Professional Documents
Culture Documents
Memorandum of Association
It is important document. It contain all the condition upon which alone the company is allowed to incorporated.
Articles of Association
AOA are the rules, regulation and bye- laws for the internal management of the affairs of a company For exp-According to section 205 of the companies act, a company cannot pay the dividend except out of profits. any provisions in the articles contrary to this provisions of the companies act is void.
Difference
MOA It is the charter of the company indicating the nature of its business, its nationality and it capital. Every company must have its own memorandum. There are strict restriction on its alteration. It defines the scope of the activity of the company AOA They are the regulation for the internal management of the company. A company ltd by share need not have article of its own They can be altered by special resolution. They are the rules for carrying out the object of the company
Meetings
Any gathering, assembly or coming together of two or more persons for the transaction of some lawful business of common concern is called meeting.
Shareholder Meeting
Statutory Meeting (sec 165) Every company ltd by share and ltd by guarantee and having share capital shall, within a period of not less then one month or nor more than six month from the date which the company is entitled to commence business hold general meeting of the member of the company.
Statutory Report -: The BOD must, before the 21 days of the statutory meeting forward a Statutory report to each and every member of the co.(It shall be deemed to be forwarded later than such period, if all the members entitled to attend and vote at the meeting agreed on it)
Contents
Total share allotted Cash received Names, addresses and occupations of Directors, Managing agents, secretary. treasurer and Auditors of co.
Procedure of meeting - Preparation of list of members - Members are free to discuss any issue related to incorporation - Resolutions cannot be passed without the prior notice - May be adjourned from time to time
Who may call the Extraordinary general meeting: 1. By the directors 2. By the directors on requisition of the members 3. By the requisitionists themselves
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