Memorandum of Association and Article of Association under the Companies Act, 2013.

Following the main points of distinction between Memorandum of Association ( MOA) and Article of Association. This question asked in CBSE in Board exams under the subject of Business studies and other professional exams like CA, CS, CMA MBA, etc. Have a look.

1.Memorandum of Association : It is the charter of the company and defines the fundamental conditions and objects for which the company granted incorporation.

Article of Association : It contains the rules and regulations framed to govern the management of the company.

1. Memorandum of Association: It cannot include any clause contrary to the provisions of the Companies Act.
   Article of Association: It is the subsidiary both to the Companies Act and the Memorandum of Association.
   
2. Memorandum of Association: The Memorandum of Association defines the relation between the company and outsiders.

Article of Association: The Article of Association regulates relationship between the company and its members and between the members inter se.

1. Memorandum of Association: It can't be altered easily. It can only altered in accordance with the mode Prescribed by the Act.

Article of Association: In case of Article of Association, members have a right to alter the articles by a special resolution.

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