This article will help you to learn about the difference between a government and a non-government company. Difference between Government Company and Non-Government Company Government Company 1. Ownership of Capital: Not less than 51% of the share capital is held by the Central Governments and/or one or more state Governments. 2. Auditing of Accounts: The accounts of Government companies are [...]
After reading this article you will learn about:- 1. Definition of Memorandum 2. Forms of Memorandum 3. Contents or Clauses 4. Importance 5. Alteration. Memorandum of Association of a Company Memorandum of Association # Definition: According to Sec. 2 (28) of the Companies Act, "Memorandum means the Memorandum of Association of a company as originally framed or as altered from [...]
This article will help you to learn about the difference between memorandum and articles of association of a company. Difference between Memorandum and Articles of Association Memorandum Difference - 1. Subject Matter: It is the charter of the company which defines its objects and powers. Difference - 2. Importance: Every company must have its own memorandum of Association. It is [...]