Companies may alter these documents to suit their own particular methods and procedures which they intend to adopt.
In general, however, the documents are often left untouched as they contain broad provisions and offer appropriate guidance for companies in how to conduct their affairs.
Memorandum of Association
The memorandum of association of a company, often simply called the memorandum, is the document that governs the relationship between the company and the outside.
The Memorandum of Association shall describe the following:
- Company’s name
- Location of its registered office
- Object clauses
- Powers of the company
- Liability of the members of the company is limited
- The amount of it authorised capital that registered with SSM
Articles of Association
The articles of association of a company, which are commonly known as articles, constitute the constitution of a company.
Articles detailing the rules and regulations governing the internal management of the affairs of a company and the conduct of its business.