what is memorandum of association - Accountancy - Theory Base of Accounting

Question

what is memorandum of association ?

Jayati Jawa · Accepted Answer

Dear Student,
The solution to your
query is provided below:

Memorandum of
Association

-> It is the charter
of the organisation that outlines the nature of the business,aims
and objectives

-> Memorandum of
association is must for all the companies

-> It can be used by
the investors to know how there money is being invested and
utilized by the company

-> Alteration in
Memorandum of Association is restricted

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