What is the Memorandum and Articles of Association when incorporating a company?

When embarking on the journey of business registration in Sri Lanka , entrepreneurs must familiarise themselves with two crucial documents: the Memorandum of Association (MOA) and the Articles of Association (AOA). These documents form the foundation of a company's legal existence and govern its operations. Memorandum of Association The MOA is a fundamental document that outlines the company's relationship with external stakeholders. It serves as the company's constitution and defines its scope of activities. Key components of the MOA include: · Name Clause: Specifies the company's official name. · Registered Office Clause: States the location of the company's registered office. · Objects Clause: Describes the company's main objectives and activities. · Liability Cla...