What are Memorandum and Articles of Association?
These are two documents: the Memorandum of Association and the Articles of Association. The Memorandum details the powers of the company, the purpose for which it was formed (the objects) and, details of the share capital of the company. The Articles of Association detail the provisions relating to the regulation of the company in terms of the rights of its members and the authority of the directors. These two documents are printed and bound together as one document and are referred to as Memorandum and Articles of Association. We, the company registration agent will provide a model set of Memorandum and Articles of Association suitable for most types of business.
A. These are the rules for running the company. They show what the company can do by law, where its registered office should be, how much share capital can be issued etc. Unless you have requested differently your memorandum and articles will state that the company’s registered office will be in England or Wales and your authorised share capital is £1,000 for limited companies and £50,000 for PLC’s. Your bank will require a copy of your memorandum and articles of association when you open an account for the company.
