Format for Memorandum of Association for Merchant Banking

A Memorandum of Association (MOA) is a document that sets out the fundamental conditions under which a company is incorporated. It is one of the key documents required for the incorporation of a company and is filed with the relevant government authority, such as the Registrar of Companies.
The purpose of a MOA is to define the scope and objectives of the company, including its name, registered office, and the authorized share capital. It also lays out the main objects of the company, which is the purpose for which the company is formed and the activities it will undertake. It also defines the liability of the shareholders, whether it is limited or unlimited.
The MOA also includes the details of the subscribers, who are the initial shareholders of the company and the number of shares taken by them. It also includes a clause known as the “doctrine of ultra vires”, which prevents a company from carrying out any business or activity that is not specified in the MOA.
In summary, the purpose of a Memorandum of Association is to define the legal identity and objectives of a company and serve as a legal document that outlines the scope of the company's activities and the rights and obligations of its shareholders.
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