Company Affairs (CS) Interview Question:

Do you know the difference between articles of association and memorandum of association?

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★ Memorandum controls external operations of the company whereas articles control internal operations of the company.
★ Memorandum are the conditions introduced for the benefits of creditors, buyers, debtors, sellers and outside public whereas articles govern the relationship between the company and the shareholders, members amongst the members. It is just like the partnership deed in a partnership.
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