A Memorandum of Association (MOA) is a legal document prepared in the formation and registration process of a limited liability company to define its relationship with shareholders. The MOA is accessible to the public and have the following clauses Name Clause, Situation Clause, Object Clause, Liability Clause, Capital Clause & Subscription Clause
Every clause in an MOA can be alerted. The capital clause is the only exception where an ordinary resolution needs to be passed for passing an ordinary resolution. The object clause can be altered by passing a special resolution as per Section 13 of the Companies Act.