As per Schedule I of the Company act 2013 Memorandum of association of company limited by shares has six clauses, which are described below:-<\/p>\n
1) Name Clause: – Under this clause name of company is stated, as approved by MCA.<\/p>\n
2) Registered Office\u00a0Clause: – The memorandum must mention the state in which registered office of\u00a0the company is situated. Complete address of the company need not required to\u00a0mention here.<\/p>\n
3) The Object Clause: – This is\u00a0the most important clause. Company is free to choose any object which is not\u00a0illegal.\u00a0 This clause is divided in two parts that is a) Main Object and b)The objects which are necessary for furtherance of the object specified in\u00a0clause 3(a)<\/p>\n
4) Liability Clause: –\u00a0Liability clause states that the liability of the member is limited to the\u00a0extent of amount unpaid on shares.<\/p>\n
5) Capital clause: –\u00a0Limited company having share capital must state the amount of its share capital\u00a0and division thereof into shares of fixed denominations in its capital\u00a0clause.<\/p>\n
6) Subscription Clause: – The\u00a0memorandum has to be signed by each subscriber in presence of at least one
\nwitness. Each subscriber must written number of shares he shall take. At least\u00a0one share should be taken by each subscriber.<\/p>\n
The following is the format of memorandum of association which will explain you contains of MOA in different clauses.<\/p>\n
THE COMPANIES ACT, 2013<\/strong><\/p>\n A COMPANY LIMITED BY MEMORANDUM OF ABC PRIVATE LIMITED<\/strong><\/p>\n \u00a0<\/strong><\/p>\n 1st <\/strong>The name of the company is \u201c<\/strong>ABC PRIVATE LIMITED\u201d<\/p>\n 2nd <\/strong>The Registered office of the company will be situated in\u00a0the State of MAHARASHTRA within the REGISTRAR OF COMPANIES, MUMBAI<\/p>\n 3rd <\/strong><\/p>\n a.<\/strong>The\u00a0object to be pursued by the company on its incorporation are:<\/strong><\/p>\n To carry on business of Import,\u00a0Export, processing, packing, re-packing, trading in, purchase, sell and to act as mercantile agents, clearing and forwarding agents, brokers, consignors,\u00a0consignees, conversion agents, distributors, act as stockiest or processors and\u00a0or dealers in all or any types of consumer goods, industrial goods, agricultural goods, plant & machinery, engineering products, electrical and\u00a0electronic products, IT Products, Computer Peripherals, textile products,\u00a0pharmaceuticals, Audio, Video and other Entertainment products, Building materials, Garments, Textiles, Handicrafts, Electronic items, components and\u00a0accessories, Machines and Mechanical Items, components and accessories, and any\u00a0other Products, Items or Things Indigenous to or Obtainable within India or any\u00a0other Country of the World.<\/p>\n b.<\/strong>\u00a0Matters which are necessary for furtherance of\u00a0the object specified in clause 3rd [a] are:<\/strong><\/p>\n \u00a0<\/strong>2. To enter into any arrangements with\u00a0any Government or Government departments or authorities or statutory corporations, bodies corporate or other undertaking that may seem conducive to\u00a0the attainment of the company\u2019s main objects, and to obtain from any such\u00a0Government or Government departments or authorities or persons any rights,\u00a0privileges, franchises and concessions necessary or desirable to obtain and to\u00a0carry out, exercise, use or comply with any such arrangements.<\/p>\n 3. To purchase, acquire and undertake\u00a0all or any part of the business, property and liabilities of any person or\u00a0<\/span>company carrying on or proposing to carry on any business which this company is\u00a0<\/span>authorized to carry on or possessed of property suitable for the purpose of the\u00a0<\/span>company or which can be carried on in conjunction therewith.<\/span><\/p>\n 4. To pay for any property, rights or\u00a0privileges acquired by the company or for the services rendered or to be\u00a0<\/span>rendered in connection with the promotion of the business of the company or for\u00a0<\/span>acquisition of any property for the company or otherwise either wholly or\u00a0<\/span>partially in cash or in shares, bonds, debentures or other securities of the\u00a0<\/span>company and to issue any shares either as fully paid up or with such amount\u00a0<\/span>credited as paid up thereon, as may be agreed upon and to charge any such\u00a0<\/span>bonds, debentures or other securities upon all or any part of the property of\u00a0<\/span>the company.<\/span><\/p>\n 5. To sell, exchange, mortgage, let on\u00a0lease, royalty or tribute, grant licenses, easements, options and other rights\u00a0<\/span>over and in any other manner deal with or dispose of the whole or any part of\u00a0<\/span>the undertaking, property assets, rights and effects of the company for such\u00a0consideration as may be thought fit and in particular for cash or for stocks, shares, whether fully or partly paid up or securities of any other company.<\/p>\n 6. To set up laboratories, purchase\u00a0and acquire land for establishment of Institute, equipment and instruments required for carrying out medical investigation and to educate and train\u00a0medical students, nurses, midwives and hospital administrators and to grant\u00a0such certificates or recognitions as the company may prescribe or deem fit from 7. To collect and provide credit or\u00a0other information, to organize information cells and data banks, relating to\u00a0industrial, agricultural and other economic activities and to provide\u00a0information for the development of industries to entrepreneurs and to provide\u00a0any other computerized services.<\/p>\n 8. To enter into contracts of\u00a0indemnity or guarantee and to guarantee the performance of any contract or\u00a0<\/span>obligation and the due payment and repayment of any debt or liability present\u00a0<\/span>or future or contingent on the performance of any contracts or obligations of\u00a0<\/span>any persons, firms or company or body corporate.<\/span><\/p>\n 9. To apply for, purchase or\u00a0otherwise, acquire and protect, prolong and renew in any part of the world any patents, patent rights, brevets, d\u2019invention, trademarks, designs, licenses,\u00a0protections, concessions, monopolies and the like conferring any exclusive or\u00a0non- exclusive or limited right to their use or any secret or other information as to any invention, process or privilege which may seem capable of being used\u00a0for any of the purposes of the Company and to use, exercise, develop or grant\u00a0licenses or privileges in respect of or otherwise turn\u00a0to account, the property rights and\u00a0information so acquired and to carry on any business in any way connected\u00a0therewith.<\/p>\n 10. To establish, provide, maintain\u00a0and conduct or otherwise subsidize research laboratories and experimental workshops, for scientific and technical research and experiments, to undertake\u00a0and carry on scientific and technical researches, experiments and tests of all\u00a0kinds, to promote studies and researches, both scientific and technical,\u00a0investigations and inventions by providing, subsidizing, endowing or assisting\u00a0laboratories, workshops, libraries, lectures, meetings and conference and by\u00a0providing or contributing to the award of scholarships, prizes and reward,\u00a0studies, researches, investigations, experiments, tests and invention of any\u00a0kind that may be considered likely to assist any business which the company is\u00a0authorized to carry on.<\/p>\n 11. To insure with any other company,\u00a0firm or persons against losses, damages and risks of all kinds that may affect 12. To engage in providing Manpower\u00a0placement and recruiting, Selecting, Interviewing, Training and Employing all types of executives, top and Middle Management Staff, Junior Level Staff,\u00a0Workers, Labourers Skilled\/Unskilled required by various Industries and\u00a0organizations including providing security services, labour contractors,\u00a0Industrial, Commercial, Housing and to conduct employment bureau in India and\u00a0abroad for the attainment of main objects of company.<\/p>\n 13. To invest and deal with the\u00a0surplus monies of the company not immediately required for the business to purchase or subscribe for shares and securities of any other company or to\u00a0invest in any mode, to accumulate funds and to invest or purchase or lease any\u00a0land, buildings, easements, stock-in-trade or other properties which the company may think necessary for the purpose of its business.<\/p>\n 14. Subject to the provisions of the\u00a0Companies Act, 2013, to receive money on deposit or loan, borrow or raise money 15. To procure the recognition of the\u00a0Company under the laws of any place outside India.<\/p>\n 16. To open any kind of account in any\u00a0Bank and to draw, make, accept, endorse, discount, negotiate, execute and issue\u00a0bills of exchange, promissory notes, bills of lading, warrants, debentures and\u00a0other negotiable or transferable instruments or securities.<\/p>\n 17. To engage, employ, suspend and\u00a0dismiss executives, engineers, agents, manager, superintendents, assistants, clerks, coolies and other servants and laborers and to remunerate any such\u00a0person at such rate as shall be thought fit, to grant bonus, compensation,\u00a0pension or gratuity to any such person or to his widow or children and generally\u00a0to provide for the welfare of all the employees.<\/p>\n 18. To form, incorporate or promote\u00a0any company or companies, whether in India or elsewhere having amongst its or\u00a0their objects the acquisition of all or any of the assets or control or\u00a0development of the company or any other object or objects which in the opinion\u00a0of the company could or might assist the company in the management of its business, the development of its properties and to apply all or any of the\u00a0costs and expenses incurred in connection with any such promotion or\u00a0incorporation.<\/p>\n 19. Subject to the provisions of the\u00a0Act, to amalgamate or to enter into partnership or into any arrangement for sharing profits, union of interest, Co-operation, joint venture, license or\u00a0reciprocal concession or for limiting competition with any person or persons or\u00a0company or companies carrying on or engaged in or about to carry on or engage\u00a0in or being authorized to carry on or engage in any business or transaction\u00a0which the company is authorized to carry on or engage in.<\/p>\n 20. To adopt such means of making\u00a0known the products of the company as may seem expedient and in particular by advertising in press, cinema, electronic media such as television, internet\u00a0etc. by circulars, posters, by purchase and exhibition of works of art or\u00a0interest, by publication of books and periodicals and by granting prizes,rewards and donations.<\/p>\n 21. To assist any other company under\u00a0the same management within the meaning of the Companies Act, 2013 or any 22. To distribute among the members in\u00a0specie any property of the company or any proceeds of the sale or disposal of\u00a0any property of the company in the event of winding up, so that, no\u00a0distribution amounting to a reduction of capital be made except with the\u00a0sanction (if any) for the time being required by law.<\/p>\n 23. To institute and to defend and\u00a0suit, appeal, application for review or revision or any other application of any nature whatsoever, to take out executions, to enter into agreements of\u00a0reference to arbitration and to enforce and where need be to contest any awards\u00a0and for all such purpose to engage or retain counsels, attorneys and when\u00a0necessary to remove them.<\/p>\n 24. To open any kind of account in any\u00a0Bank and to draw, make, accept, endorse, discount, negotiate, execute and issue\u00a0<\/span>bills of exchange, promissory notes, bills of lading, warrants, debentures and\u00a0<\/span>other negotiable or transferable instruments or securities.<\/span><\/p>\n 25. To engage, employ, suspend and\u00a0dismiss executives, engineers, agents, manager, superintendents, assistants,\u00a0<\/span>clerks, coolies and other servants and laborers and to remunerate any such\u00a0<\/span>person at such rate as shall be thought fit, to grant bonus, compensation,\u00a0<\/span>pension or gratuity to any such person or to his widow or children and\u00a0<\/span>generally to provide for the welfare of all the employees.<\/span><\/p>\n 26. To form, incorporate or promote\u00a0any company or companies, whether in India or elsewhere having amongst its or\u00a0<\/span>their objects the acquisition of all or any of the assets or control or\u00a0<\/span>development of the company or any other object or objects which in the opinion\u00a0<\/span>of the company could or might assist the company in the management of its business,\u00a0<\/span>the development of its properties and to apply all or any of the costs and\u00a0<\/span>expenses incurred in connection with any such promotion or incorporation.<\/span><\/p>\n 27. Subject to the provisions of the\u00a0Companies Act, 2013, to receive money on deposit under section 73 of Companies\u00a0<\/span>Act, 2013 or loan, borrow or raise money in such manner as the company shall\u00a0<\/span>think fit and in particular by the issue of debentures or debenture stock (perpetual\u00a0<\/span>or otherwise) and to secure the repayment of any money borrowed, raised or owing\u00a0<\/span>by mortgage, charge or lien upon all or any of the property or assets of the\u00a0<\/span>company (both present and future), including its uncalled capital and also by a\u00a0<\/span>similar mortgage, charge or lien to secure and guarantee the performance by the\u00a0<\/span>company or any other persons or company or any obligations undertaken by the\u00a0<\/span>company or any other person or company as the case may be, but the company\u00a0<\/span>shall not carry on Banking Business.<\/span><\/p>\n 28. To procure the recognition of the\u00a0Company in\/or under the laws of any place outside India.<\/span><\/p>\n 29. Subject to the provisions of the\u00a0Act, to amalgamate or to enter into partnership or into any arrangement for\u00a0<\/span>sharing profits, union of interest, Co-operation, joint venture, license or\u00a0<\/span>reciprocal concession or for limiting competition with any person or persons or\u00a0<\/span>company or companies carrying on or engaged in or about to carry on or engage\u00a0<\/span>in or being authorized to carry on or engage in any business or transaction\u00a0<\/span>which the company is authorized to carry on or engage in.<\/span><\/p>\n 30. To adopt such means of making\u00a0known the products of the company as may seem expedient and in particular by\u00a0<\/span>advertising in press, cinema, electronic media such as television, internet\u00a0<\/span>etc. by circulars, posters, by purchase and exhibition of works of art or interest,\u00a0<\/span>by publication of books and periodicals and by granting prizes, rewards and donations.<\/span><\/p>\n 31. To distribute among the members in\u00a0specie any property of the company or any proceeds of the sale or disposal of\u00a0<\/span>any property of the company in the event of winding up, so that, no\u00a0<\/span>distribution amounting to a reduction of capital be made except with the sanction\u00a0<\/span>(if any) for the time being required by law.<\/span><\/p>\n 32. To institute and to defend and\u00a0suit, appeal, application for review or revision or any other application of\u00a0<\/span>any nature whatsoever, to take out executions, to enter into agreements of\u00a0<\/span>reference to arbitration and to enforce and where need be to contest any awards\u00a0<\/span>and for all such purpose to engage or retain counsels, attorneys and when\u00a0<\/span>necessary to remove them.<\/span><\/p>\n 4th <\/strong>The liability of the member(s) is limited and this\u00a0liability is limited to the amount unpaid, if any, on the shares held by them.<\/span><\/p>\n
\nSHARES<\/strong><\/p>\n
\nASSOCIATION OF<\/strong><\/p>\n
\ntime to time and to grant stipends, scholarships or any other assistance\u00a0monetary or otherwise to whomsoever to further the course medicine and \/ or\u00a0medical research.<\/p>\n
\nthe company.<\/p>\n
\nin such manner as the company shall think fit and in particular by the issue of\u00a0debentures or debenture stock (perpetual or otherwise) and to secure the\u00a0repayment of any money borrowed, raised or owing by mortgage, charge or lien\u00a0upon all or any of the property or assets of the company (both present and\u00a0future), including its uncalled capital and also by a similar mortgage, charge\u00a0or lien to secure and guarantee the performance by the company or any other\u00a0persons or company or any obligations undertaken by the company or any other\u00a0person or company as the case may be, but the company shall not carry on\u00a0Banking Business.<\/p>\n
\nstatutory modification thereof, in any manner and to any extent including the\u00a0giving of loan and guarantees or the providing of securities of any kind whatsoever\u00a0in connection with any loan given to the latter by any person, firm or body corporate.<\/p>\n