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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › articles of association & memorandum of association
Can you please elaborate on articles of association & memorandum of association?
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