MOA Full Form is a Memorandum of Association (MOA) which is of a company that explains the company's constitution and scope of power. In simpler words, the moa tables is the base on which a company relies on. MOA is a legal memorandum prepared during the registration process of a company.
The scope of this content includes the following topics, and what is memorandum of association.
A company can undertake only those activities that are mentioned in the objective of memorandum of association. In other words, the Memorandum of Association lays down the boundary beyond which the actions of the company cannot exceed.
MOA helps the creditors, shareholders and any other person that are interacting and dealing with the company, to know the company's powers and objectives. In addition to this, M0A contents help the prospective shareholders in taking the right decision while investing in the company.
As per Section 4 of the Companies Act, 2013, companies shall form the MOA as specified in Tables A to E in Schedule I of the Act. The company shall adopt a Table applicable to it as there are various tables for different companies. Here is the list of forms with their details:
The number of clauses in the memorandum of association is:
Name Clause in the MOA of company provides protection against subsequent company registration in the same or closely similar name.
MOA clauses shall clearly specify the location at which registered office address of the company will be situated.
It shall clearly describe the objectives behind the formation of the company. Moreover, if a company alters its activities that are not specified in its clause, then it can amend its clause within 6 months of such alteration. This clause can be further divided into three sub-categories:
a) Main Objective: This states the main business of the company.
b) Incidental Objective: These are the objectives ancillary to the attainment of the main objectives of the company.
c) Other objectives: Any other objectives that are not covered in above (a) and (b) which the company may pursue.
This clause clearly states the liability of a company's member whether the liability is limited or unlimited. In addition to this,
This clause is applicable for those companies that have share capital. This clause specifies the maximum amount of capital a company can raise. In simpler words, it states the maximum limit of authorised or nominal capital divided into the fixed amount of shares. Further, it must specify each member names along with total number of shares issued against their names.
This is the last clause of MOA which must clearly state the subscriber's desire to form/incorporate a company.