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KembaraXtra – Legal Terms – Memorandum of Association
A memorandum of association is a constitutional document submitted when forming a company.
Under earlier company legislation, the memorandum contained important clauses identifying the company’s name, registered office, objects, and share capital.
The Companies Act 2006 simplified the position considerably. The memorandum is now a much shorter document stating that the subscribers wish to form a company and become its members.
The memorandum therefore serves primarily as evidence of the intention to establish the company rather than as a detailed constitutional instrument.
A memorandum of association is a constitutional document submitted when forming a company.
Under earlier company legislation, the memorandum contained important clauses identifying the company’s name, registered office, objects, and share capital.
The Companies Act 2006 simplified the position considerably. The memorandum is now a much shorter document stating that the subscribers wish to form a company and become its members.
The memorandum therefore serves primarily as evidence of the intention to establish the company rather than as a detailed constitutional instrument.
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