Definition
Memorandum of Association is a legal document that defines the company's constitution and establishes its relationship with the outside world. It outlines the company's name, registered office, objects (purpose), and liability (limited or unlimited) of its members. Memorandum of Association is a fundamental document required for the incorporation of a company and must be submitted to the registrar of companies.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.