Memorandum & Articles of Association – Facts to Remember

The following are some critical facts to remember in executing M&A of A.
1. The promoters in their own handwriting have to give the following details in the Memorandum
and Articles of association of the company:
· Name
· Occupation
· Father’s/husband’s name
· Complete Address
· Number of Shares subscribed
The Memorandum and Articles have to be signed by all the promoters and witnessed.
The person/s witnessing has/have to give the following details in their own handwriting:
· Name
· Occupation
· Father’s/husband’s name
· Complete Address
Signing outside India
In case the Memorandum and Articles is to be signed by any of the promoters out side India, then
the signing should be done in the presence of Consul of India at the Indian Consulate.
Share Capital
The minimum authorised share capital for incorporating a Private Limited company is
INR 100,000.
The minimum authorised share capital for incorporating a Public Limited company is
INR 500,000.
Number of Promoters
For incorporating a Private Limited Company a minimum of two promoters are required.
For incorporating a Public Limited Company a minimum of seven promoters are required.