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Memorandun of Association & Article of Accociation - Coggle Diagram
Memorandun of Association
& Article of Accociation
MOA
Basic constitutions and presents structure the company to the outside world
AOA
Matters if internal administration
Contents of MOA
Basic Requirements
Limited by shares
Limited by guarantee
Unlimited
Member's rights to have copy of MOA
Subject to have a payment of RM5 or such lesser sum
A copy of MOA must be issued by the company after the date of alteration
Conflicts between MOA and AOA
MOA - External Affairs
AOA - Internal Affairs
Alteration of MOA
Name
Conversion (Limited, Unlimited)
Conversion (Public, Private)
Object Clause
Share Capital
Alteration by HC under Sec.181
Construction of MOA
General Rule
Nothing in the MOA must contradict the provisions of the act, unless a contrary intention is provided by the Act itself
Section Rule
A statutory contract binding between the company and its members qua members and between the member inter se
Object Clause
Legal personality of a company for purposes stated in the MOA
Validity do in its capacity only such things are within its objects and things reasonably incidental thereto and are not prohibited by law