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The Book-keepers Forum -> Corporate Law & Companies House -> difference between article of association and memorandom
Post Info TOPIC: difference between article of association and memorandom
herry


Member

Status: Offline
Posts: 16
Date: Mon May 2 09:08 2011
difference between article of association and memorandom
 

What is difference between article of association and memorandom of association??? which one is the most improtant to the company in compare to both......

 

 

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-- Edited by Shamus on Thursday 28th of July 2011 11:50:43 PM

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Shamus


Forum Moderator & Expert

Status: Online
Posts: 4055
Date: Mon May 2 10:38 2011
 

Hi Herry,

at the risk of leaving this unanswered for some unsuspecting member to leave an answer thinking that you will even read the response.

Both are important constitutional documents for the formation of a limited company.

I'm not going to waste my time with a long windered answer. Just use your internet search engine to find the contents required in each.



P.S. I'm sure that I don't need to tell anyone reading this but just on the off chance that anyone was tempted by a magnetic bracelet NEVER click on blind links from unknown sources.... Actually, Magnetic Bracelets... Ooh Shiny... No, no, mustn't press that link.

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Peasie


Guru

Status: Online
Posts: 1112
Date: Mon May 2 13:00 2011
 

I see they are still not using your suggested avatar.

The original question is kind of similar to Ideal Schools' assignment 7 ICB Manual Level III
1 (a) What is the main function of a company's memorandum and articles of association?

I hate these type questions - how do you answer them without basically repeating the text from earlier in the lesson? That's what delays my assignments, I'll skip these questions and do the "calculation" questions. I think there was a gap of 7½ months on assignment 3.

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StevieB


Member

Status: Offline
Posts: 5
Date: Tue May 3 09:29 2011
 

Hi Herry

the memorandum under the new act is now ONLY a formation document detailing the name and subscriber details (the original shareholders or members)

the articles is now the sole constitutional document which are the rules for the company based on the companies act 2006. It can be a bespoke tailored set drafted by agents or lawyers or you companies can simply adopt the model articles which basically is the government draft.

Where companies want to add in items that was previously in the memorandum ie the objects clause this can now form part of the articles

hope this helps

kind regards

steve

first corporate

 

 



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