Skip to contentSkip to search

Ask the Tutor ACCA LW

articles of association & memorandum of association

SASyed Ahsan Ali5y ago
Can you please elaborate on articles of association & memorandum of association?
VBVijay Bhatti5y ago#1
Hi Syed, So the articles of association are a lengthy document which represent the internal rules of a company. They contain shareholder rights and directors powers. It serves as a binding contract between the company and shareholders. The memorandum of association is a short document which basically confirms the names of all those people who want to start the company and "subscribe" to shares. I hope this helps? Kind regards, Vijay
Sign into reply to this topic.