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Company Law Gopika Juneja, Lovely Professional University
Notes Unit 5: Memorandum of Association
CONTENTS
Objectives
Introduction
5.1 Memorandum of Association – Meaning and Purpose
5.2 Form and Contents
5.2.1 Use of Certain Keywords as Part of the Name
5.2.2 Publication of Name (s.147)
5.2.3 The Registered Office Clause [s.13(1) (b)]
5.2.4 The Objects Clause [s.13 (1) (d)]
5.2.5 The Liability Clause [s.13 (2)]
5.2.6 The Capital Clause [s.13 (4)(c)]
5.2.7 The Association Clause [s.13(4)(c)]
5.3 Alteration of Memorandum
5.3.1 Change of Name
5.3.2 Change of Registered Office
5.3.3 Alteration of Objects Clause
5.3.4 Alteration of Liability Clause (s.38)
5.3.5 Alteration of Capital Clause (S.94)
5.4 Doctrine of Ultra Vires
5.4.1 The Effects and Exceptions of the Doctrine of Ultra vires – An Elaboration
5.5 Summary
5.6 Keywords
5.7 Review Questions
5.8 Further Readings
Objectives
After studying this unit, you will be able to:
Define memorandum;
Describe its form and contents;
Explain the alteration of memorandum;
Elaborate upon doctrine of ultra vires.
54 LOVELY PROFESSIONAL UNIVERSITY