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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.









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