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Edit Comment Close Premium member Presentation Transcript PRESENTATION ON MEMORANDUM AND ARTICLE OF ASSOCIATION : PRESENTATION ON MEMORANDUM AND ARTICLE OF ASSOCIATION PRESENTED BY: GYANESH MAHOR PRIYANKA AHIRWAR MEMORANDUM OF ASSOCIATION : MEMORANDUM OF ASSOCIATION Memorandum of associations is one of the documents which has to be filled with the registrar of companies at the time of incorporation of a company. Definitions. - It lays down the area of operation of the company. - It also regulates the external affairs of the company in relation to outsiders. - to enable shareholders and those who deal with the company to know what its permitted range of enterprise is. Form of memorandum : Form of memorandum Table B Table C Table D Table E In schedule I as may be applicable in the case of the company. Printing and signing of memorandum : Printing and signing of memorandum At least seven person in the case of public company and two in the case of private company must subscribe to the memorandum. Only a person capable to enter into contract on his own can subscribe to the memorandum. Both the artificial and natural person can subscribe to the memorandum. In the case of the illiterate subscriber to the memorandum ,the thumb impression or mark duly attested by the person writing for him should be given Cont…. : Cont…. The memorandum shall be printed .computer printing is recognized for this purpose. It shall be divided into paragraphs numbered consecutively and shall be signed by each subscriber, with his address, description and occupation added, in the presence of at least one witness who will attest the same [sec 15]. Contents of Memorandum : Contents of Memorandum - The Name clause- company should state its name. - The Registered office clause- states the name of the state. - The Object clause- shows the object for which the company is formed. And the extent of power which the company can exercise to achieve it. - The liability clause- this clause has to state the nature of liability that the member incur. - The Capital clause- company limited by share must state the authorised or nominal share capital. - The Association Clause.- This clause provides that those who have agreed to subscribe to the memorandum must signify their willingness to associate and form a company ARTICLE OF ASSOCIATION : ARTICLE OF ASSOCIATION MEANING-The article of association set out the rules and regulations for the internal management of the company. Definition: Acc to sec 2(2) of the companies act ,1956 ‘article’ means the article of association of a company as originally framed or altered from time to time in pursuance of any previous companies law or of this act. Slide 8: CONTENT OF ARTICLES Share capital, rights of shareholders, share certificates. Calls on shares Transfer of shares Forfeiture of shares Alteration of capital General meetings and proceedings Directors, their appointment, remuneration, qualifications, etc Manager, Secreatary, Winding up Slide 9: Company which must have their own Articles- -unlimited companies -companies limited by guarantee. -private companies limited by shares Regulations required in cases Unlimited company- -the number of members with which the company is to be registered -if it has a share capital, the amount of share capital with which the company is to be registered. Limited by guarantee. - The number of member of members with which the company is to be registered. Slide 10: 3. Private company. -restrict the right to transfer shares -limit the number of its members to 50.. -prohibit any invitation to the public to subscribe for any shares etc Slide 12: THANKYOU You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
PRESENTATION ON MEMORANDUM AND ARTICLE OF ASSOCIATION gyaneshmahor Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 1243 Category: Education License: Some Rights Reserved Like it (4) Dislike it (0) Added: November 10, 2010 This Presentation is Public Favorites: 2 Presentation Description No description available. Comments Posting comment... By: mailmerama (14 month(s) ago) plz allow the presentation download as it s very useful.... Saving..... Post Reply Close Saving..... Edit Comment Close By: arjunsaluja (16 month(s) ago) i would like to download it so that i can make some changes to it and submit to my bst teacher with your mention in acknowledgment . i really need this because i live in ghaziabd n the cyber cafe here closes by 7 in the evening and that's when i come home from tutions. since i have to submit it on 24th january i just have a sunday to make the whole project. and i have my maths unit test on monday. Saving..... Post Reply Close Saving..... Edit Comment Close By: amit_ch (16 month(s) ago) pls............. let me download this ppt. Saving..... Post Reply Close Saving..... Edit Comment Close By: facultysreekumar (17 month(s) ago) pls allow download Saving..... Post Reply Close Saving..... Edit Comment Close Premium member Presentation Transcript PRESENTATION ON MEMORANDUM AND ARTICLE OF ASSOCIATION : PRESENTATION ON MEMORANDUM AND ARTICLE OF ASSOCIATION PRESENTED BY: GYANESH MAHOR PRIYANKA AHIRWAR MEMORANDUM OF ASSOCIATION : MEMORANDUM OF ASSOCIATION Memorandum of associations is one of the documents which has to be filled with the registrar of companies at the time of incorporation of a company. Definitions. - It lays down the area of operation of the company. - It also regulates the external affairs of the company in relation to outsiders. - to enable shareholders and those who deal with the company to know what its permitted range of enterprise is. Form of memorandum : Form of memorandum Table B Table C Table D Table E In schedule I as may be applicable in the case of the company. Printing and signing of memorandum : Printing and signing of memorandum At least seven person in the case of public company and two in the case of private company must subscribe to the memorandum. Only a person capable to enter into contract on his own can subscribe to the memorandum. Both the artificial and natural person can subscribe to the memorandum. In the case of the illiterate subscriber to the memorandum ,the thumb impression or mark duly attested by the person writing for him should be given Cont…. : Cont…. The memorandum shall be printed .computer printing is recognized for this purpose. It shall be divided into paragraphs numbered consecutively and shall be signed by each subscriber, with his address, description and occupation added, in the presence of at least one witness who will attest the same [sec 15]. Contents of Memorandum : Contents of Memorandum - The Name clause- company should state its name. - The Registered office clause- states the name of the state. - The Object clause- shows the object for which the company is formed. And the extent of power which the company can exercise to achieve it. - The liability clause- this clause has to state the nature of liability that the member incur. - The Capital clause- company limited by share must state the authorised or nominal share capital. - The Association Clause.- This clause provides that those who have agreed to subscribe to the memorandum must signify their willingness to associate and form a company ARTICLE OF ASSOCIATION : ARTICLE OF ASSOCIATION MEANING-The article of association set out the rules and regulations for the internal management of the company. Definition: Acc to sec 2(2) of the companies act ,1956 ‘article’ means the article of association of a company as originally framed or altered from time to time in pursuance of any previous companies law or of this act. Slide 8: CONTENT OF ARTICLES Share capital, rights of shareholders, share certificates. Calls on shares Transfer of shares Forfeiture of shares Alteration of capital General meetings and proceedings Directors, their appointment, remuneration, qualifications, etc Manager, Secreatary, Winding up Slide 9: Company which must have their own Articles- -unlimited companies -companies limited by guarantee. -private companies limited by shares Regulations required in cases Unlimited company- -the number of members with which the company is to be registered -if it has a share capital, the amount of share capital with which the company is to be registered. Limited by guarantee. - The number of member of members with which the company is to be registered. Slide 10: 3. Private company. -restrict the right to transfer shares -limit the number of its members to 50.. -prohibit any invitation to the public to subscribe for any shares etc Slide 12: THANKYOU