2.11 - Memorandum of Association Flashcards
1
Q
What is a memorandum of association?
A
Statement of intent by promoters to set up a company
2
Q
Why was it more important Pre-2006?
A
Contained objects clause
3
Q
Since 2006, what has the memorandum of association been relegated to?
A
A mere historical snapshot of company members at a time of formation
4
Q
What can you not do to the memorandum of association?
A
Cannot amend it at a later date
5
Q
What does it provide evidence of?
A
Who’s agreeing as to which one of them will be a director, and who will have any share in the company
