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Q.

What is Memorandum of Articles?

Tags: memorandum of articles
Asked by sunil thukral, 12 Dec '07 05:55 pm
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Answers (5)

1.

Refer Company's Act from this site for getting more details on Memorandum of Association. http://www.advocatekhoj.com/
Answered by Naresh Gupta, 12 Dec '07 06:50 pm

 
  
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2.

A Non Profit Organisation can be registered in India as a Society, under the Registrar of Societies or as a Trust, by making a Trust deed. A third option is registration as a section-25 Company under the Companies Act, 1956.

Whether a trust, society or section-25 company, the Income Tax Act,1961 gives all categories equal treatment, in terms of exempting their income and granting 80G certificates, whereby donors to non-profit organisations may claim a rebate against donations made. Foreign contributions to non-profits are governed by FC(R)A regulations and the Home Ministry.

For an organisation to be termed as Charity it has take Income tax clearances under 12 A Clause of Income Tax Act. Section 2(15) of the Income Tax Act defines charitable purpose to include relief of the poor, education, medical relief and the advancement of any other object of general public utility. A purpose that relates exclusively to religious teaching or worship is not considered as charitable.

Non-pr ...more
Answered by GOPI KUMAR, 12 Dec '07 05:59 pm

 
  
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3.

memorandum and articals of association of limitedcompany means that memorandum is one type of border for the company beyond which it can act...and articals is the regulator of the company...means it contains rules nd regulation of the company.
Answered by Ketan Bhalgamiya, 13 Dec '07 10:00 am

 
  
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4.

Aim of any org, term and conditions, partnership %tage and other details of organisation are mentioned in Memo.of Article
Answered by Kumar Amitesh, 12 Dec '07 05:59 pm

 
  
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5.

Memorandum and Articles of Association for Limited company by Shares. These Mem & Arts can be used for any profit making general trading ....
Answered by Mrinalendra Banerjee, 12 Dec '07 05:58 pm

 
  
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