Articles of Association are the rules regarding internal management of a company. These rules are subsidiary to the Memorandum of Association and hence, should not contradict or exceed anything stated in the Memorandum of Association. A public limited company may adopt Table A which is a model set of articles given in the Companies Act. Table A is a document containing rules and regulations for the internal management of a company. If a company adopts Table A, there is no need to prepare separate Articles of Association. For companies not adopting Table A, a copy of the Articles of Association,...

Memorandum of Association is the most important document as it defines the objectives of the company. No company can legally undertake activities that are not contained in its Memorandum of Association. The Memorandum of Association must be signed by at least seven persons in case of a public company and by two persons in case of a private company. The Memorandum of Association contains different clauses, which are given as follows: The name clause: This clause contains the name of the company with which the company will be known, which has already been approved by the Registrar of Companies. Objects...