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Both Memorandum of Association and Articles of Association are essential documents which describe the procedure for companies to deal with the outside world and manage its internal affairs. The Memorandum of Association (MoA) is the foundational document required for the incorporation of a company under the Companies Act, 2013. It defines the scope, purpose, and powers of the company and establishes its legal identity. What is the Memorandum of Association (MoA)? In simple terms, the Memorandum of Association is a legal document that defines the scope of a company's activities. It sets out the objectives, powers, and limits of the company and acts as a contract between: The company and its members (shareholders). The Memorandum of Association (MoA) and Articles of Association (AoA) are not the same. The MoA lays down the essential details about the company, while the AoA includes the internal rules and regulations of the company.
