About AOA
The first step towards formation of a company is to prepare the company’s charter documents. There are mainly two documents, Memorandum of Association (MOA) and Articles of Association (AOA). Section 2(56) of the Companies Act, 2013, hereinafter referred to as ‘the Act’ defines the term ‘Memorandum’ along with Section 4 dealing with contents of memorandum read with Schedule I of the Act. MOA has six definite clauses namely, the name clause, situation clause, object clause, liability clause, capital clause and subscription clause.
