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Memorandum of association
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The document which forms the basis of registration of a company. As required by the Companies Acts, the Memorandum of Association must list the subscribers to the capital of the company and the number of shares they have agreed to take, the name and address of the company, and, where appropriate, the powers and objects of the company and that the libaility of its members is limited. The Arcticles of Association set out the rules by which the company will be administered, e.g. the voting of directors or the calling of meetings.
Reference: The Penguin Dictionary of Economics, 3rd edt.
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Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >