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What is the difference between the Memorandum & Articles of Association?

April 26, 2017Articles Association difference Memorandum

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What is the difference between the Memorandum & Articles of Association?

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13.1. Your memorandum [MEMO] basically sets out the business objects which the company will be engaging in and in effect precludes the company from engaging in business not stated in MEMO. 13.2. The Articles on the other hand essentially sets out how the Company is to run, sort of a constitution for the company.