What is a MOA?
What are the Main Clauses of MOA?
Do you have questions on difference between MOA and AOA?
What is an AOA?
What are the Contents of an AOA?
What is the Difference Between MOA and AOA?
- The first difference between MOA and AOA is that MOA describes the powers and objectives of the company while AOA defines its rules.
- In the event of any inconsistency between the Memorandum and the Articles of Incorporation as to any provision, the Memorandum of Association shall prevail over the Articles of Association.
- The memorandum of association contains information about the company’s powers and objectives. Conversely, articles of association provide information about the company’s rules and regulations.
- To amend the MOA, a special resolution must be passed at the Annual General Meeting with the prior approval of the central government, while amendments to the AOA can only be made by a Special Resolution (SR) at the Annual General Meeting (AGM).
- At the time of incorporation, the MOA is required to be registered with the Registrar of Companies. In the case of AOA, the company is not required to meet such requirements, although there is a provision for voluntary registration.