A memorandum of association is a document that is a part of a company’s constitution.The Section 8 Company memorandum of association should include provisions for how the company can carry out its Non Profit Activities. Our Taxfillingindia team will guide in smooth process of alteration of MOA
The memorandum of association should include provisions for how the company can carry out its business activities. For example, a Section 8 company can participate in non-profit making organizations. This type of entity also does not have a profit motive. The purpose of the organization is to improve society and improve mental health. In other words, a Section 8 company’s memorandum must have an educational purpose.
The memorandum of association should also be informative and provide details about its governance and the responsibilities of the company. The memorandum of association should be drafted in such a way that the management team can be aware of its obligations. In case the memorandum of association is not followed, the company will not be in a position to make decisions about its direction.
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