The new Companies Act – the memorandum of incorporation (MOI)

In the third of a series of articles, to be published in De Rebus magazine, regarding the implications of new Companies Act of 2008, Paul Descroizilles, briefly discusses the nature and content of the memorandum of incorporation (hereafter referred to as the “MOI”).

Under the current Companies Act a company must have a memorandum of association and a memorandum of articles, which documents generally regulate the relationship between the company and its members. Both the form and contents of  the memorandum of association is prescribed by the current Act, but not the contents of the memorandum of articles. Therefore, it has become a common practice for shareholders of companies change these documents by special resolution and / or  to enter into shareholders agreements over-riding the memorandum of association and memorandum of articles.

Under the new Companies Act, however the memorandum of association and memorandum of articles have been replaced by one comprehensive document, the MOI. The form, contents and changes to this document are regulated by the new Act, which aims to eradicate shareholders creating conflicting provisions between that and any other contract or document, ensuring transparency and legal certainty, among other benefits, within the company structure.

<read more>

There are many medicines. Certain medicines are pops. Other treat peculiar ailment like Lupus nephritis. DIFLUCAN, one of of a new group of triazole antifungal agents, is available as a powder for oral suspension. There are numerous drugs for each afflictions. If you’re concerned about erectile soundness problem, you probably know about levitra 10mg. Very likely every man knows about levitra cost per pill. (Read more cheapest generic levitra). Once men are onlooking for drugs to resolve sexual soundness problem. On occasion another disease will lead to erectile dysfunction. There are risks possible with any type of therapy. Certainly you need to take dangerous side effects in review before purchasing any medicine. Get in touch with your body and stay healthy for long years.

, , ,

Comments are closed.