explain the various clauses of Memorandum of Association?

Memorandum of Association - It is the principal document of a company. No
company can be registered without a memorandum of association and that is
why it is sometimes called a life giving document.
Contents of Memorandum of Association :
1. Name clauses - This clause contains the name of the company. The
proposed name should not be identicator similar to the name of another
exiting company.
2. Situation clauses - This clause contains the name of the state in which
the registered office of the company is to be situated.
3. Object clause - This clause defines the objective with which the company
is formed. A company is not legally entitled to do any business other than
that specified in the object clause
4. Liability Clauses - This clause limits the liability of the members to the
amount unpaid on the shares held by them.
5. Capital clause - This clause specifies the maximum capital which the
company will be authorized to ranise tough the issue of shares called
authorised capital.