what is memorandum of association ?

Dear Student,
The solution to your query is provided below:
Memorandum of Association
-> It is the charter of the organisation that outlines the nature of the business,aims and objectives.
-> Memorandum of association is must for all the companies
-> It can be used by the investors to know how there money is being invested and utilized by the company.
-> Alteration in Memorandum of Association is restricted.
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