Memorandum of Association of a Company sets down the constitution of a company including the permitted range of activities of the company, state of incorporation, type of company capital clause, liability clause and more. When company name, company address change one state to another, alteration of objects clause, alteration of capital clause or increase of authorised capital the change of Memorandum of Association of a company can be require.
Memorandum of Association of a company change by passing of a special resolution and shareholders consent.
As per the companies act 2013,the name of the company have to be stated with the last word 'Limited' in case of limited companies and with the last two words 'Private Limited' in case of private limited company.
The Memorandum of Association must state whether the company is limited by shares or by guarantee.
The Memorandum of Association must mention the State in which the registered office of the company will be located.
The Memorandum of Association of a company having share capital is required to show the amount of share capital with which the company is going to be registered, and the division therefor into shares of fixed value.