19
Companies Act, 2013: Memorandum, Articles of Association and Prospectus
Learning Objectives
After reading this chapter, you will be able to understand:
- The Memorandum of Association
- Purpose, format and the contents of the Memorandum and the Articles of Association
- Various clauses of the Memorandum and its alteration procedures
- Doctrine of ultra-vires, indoor management and constructive notice
- Prospectus, its requirements, contents and various offer documents
- Mis-statement in the prospectus and its consequences on the part of a company, promoters, and the directors of company
19.1 DEFINE THE MEMORANDUM OF ASSOCIATION
According to Section 2 (56) of the Companies Act, 2013, “Memorandum means the Memorandum of Association of a company as ...
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