How to Draft a Memorandum of Association for a Company

MOA or Memorandum of Association is a company’s corporate document wherein it defines the company’s scope of powers and its constitution. In other words, this legal document is a company’s foundation. In this article, we’ll look at the regulations and legislation which govern a memorandum of association. Also, Notary Public Dubai will help you draft a MOA by explaining its crucial contents and clauses.

Object of the Registration of a MOA

• A company’s memorandum of association contains objects for which a company is established.
• A MOA contains all the details regarding the rights and powers of the company.
• It is a legal corporate document that’s also public as per the UAE Companies Law.

Under no circumstance will a company be able to depart from provisions which are specified in the MOA.

Memorandum of Association Contents

With the drafting of a memorandum of association, a company should include the following clauses of MOA:

Name clause

• If the company is public limited.
• For a private limited company.

Clause for Registered Office and Address

Object Clause

Liability Clause

Capital Clause

Association Clause

Keep in mind that there are following aspects to take note of prior to the submission of the memorandum of association to authorities:

• The MOA is to be divided into paragraphs;
• The MOA has to be printed;
• The pages are to be numbered;
• There has to be a number of people that sign the MOA and it should then be notarized;
• The particulars of witnesses and signatories.

How to get a Memorandum of Association in UAE ?

• A company may subscribe through an agent;
• A minor will not be able to sign;
• Businesses may add more provisions.

Rights of the members of the company and the company itself may also be attached as additional clause. Before you start with MOA drafting in UAE, call our experts for advice and guidance in the matter.