What are the major differences between MEMORANDUM OF ASSOCIATION and ARTICLES OF ASSOCIATION?

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Solution

Memorandum of Association Articles of Association
It is the charter of the organisation that outlines the nature of the business,aims and objectives. It outlines the rules and regulations for internal management in doing the business.
Memorandum of association is must for all the companies It is not mandatory for all the organisations.
It can be used by the investors to know how there money is being invested and utilized by the company. It tells about the law governing internal management of the company.
Alteration in Memorandum of Association is restricted. Article of Association can be altered through special resolution.

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Memorandum of Association	Articles of Association
It is the charter of the organisation that outlines the nature of the business,aims and objectives.	It outlines the rules and regulations for internal management in doing the business.
Memorandum of association is must for all the companies	It is not mandatory for all the organisations.
It can be used by the investors to know how there money is being invested and utilized by the company.	It tells about the law governing internal management of the company.
Alteration in Memorandum of Association is restricted.	Article of Association can be altered through special resolution.