6 Major Differences between Memorandum of Association and Articles of Association
6 Major Differences between Memorandum of Association and Articles of Association are listed below: Memorandum of Association: 1. It is the fundamental document ADVERTISEMENTS: 2. It is the Charter of the company.3. It dictates external and internal affairs of the company. Image Source: 185.26.182.2194. It has effects on the members as well as the outsiders.5. Ratification: No act can be ratified which is done beyond the memorandum: This is called as “Doctrine of Ultra Vires”. 100% members of the company also cannot ratify such ultra virus acts. ADVERTISEMENTS: 6. The memorandum of association is bound to observe.(a) The provisions of the Companies Act,1956;(b) Any other law in force. Articles of Association: ADVERTISEMENTS: 1. It is the subsidiary document.2. These are me regulations of the company.3. It dictates only internal affairs…