Why is the "MOA" & "AOA" important for a Startup?

MOA is the most essential document which is required for the incorporation of a Company. MOA contains all the fundamental information and basic details about the company. So, it‟s very important to register the MOA with the Registrar of Companies (ROC) when the company is being incorporated. Without MOA a company cannot be incorporated as it is the supreme document which sets out the fundamental conditions upon which alone can a company be incorporated. MOA helps in forming the structure and purpose of the company incorporated. MOA is a contract between the company and its members ,and also among the members so each member has a personal and fundamental right over this document. It is a Corporate legal document which has to be signed by all the shareholders and guarantors who agree to form a company.

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