Memorandum Of Association Of Interior Design Company Template for India

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Memorandum Of Association Of Interior Design Company

"I need a Memorandum of Association of Interior Design Company for a small, family-owned business specializing in residential interior design services in Mumbai, with an authorized capital of Rs. 10 lakhs and plans to start operations in March 2025."

Document background
The Memorandum of Association of Interior Design Company is a mandatory legal document required for incorporating a company in India under the Companies Act, 2013. This document is essential when establishing a new interior design business as a registered company, whether private or public limited. It contains crucial information about the company's identity, objectives, scope of operations, and capital structure. The MOA serves multiple purposes: it informs stakeholders about the company's permitted range of activities, protects subscribers' and shareholders' interests, and helps regulatory authorities monitor compliance. The document must be filed with the Registrar of Companies and becomes publicly available once the company is registered. It's particularly important for interior design companies as it defines their specific service offerings, operational boundaries, and potential areas of business expansion.
Suggested Sections

1. Name Clause: States the name of the company and specifies whether it's private or public limited

2. Registered Office Clause: Specifies the state where the registered office of the company will be situated

3. Objects Clause: Details the main objects, ancillary objects, and other objects of the interior design company

4. Liability Clause: Declares the liability status of members and whether liability is limited by shares or guarantee

5. Capital Clause: States the authorized share capital of the company and its division into shares of fixed amount

6. Association/Subscription Clause: Contains names, addresses, occupations of subscribers and number of shares subscribed

Optional Sections

1. Other Business Activities: Additional business activities the company may undertake beyond interior design, used when planning future expansion

2. Foreign Operations: Provisions for conducting business internationally, included if company plans overseas operations

3. Joint Ventures: Provisions for entering into joint ventures or collaborations, included if such arrangements are anticipated

4. Research and Development: Provisions for R&D activities in design and materials, included for companies focusing on innovation

5. Environmental Compliance: Specific provisions for environmental responsibilities, included for companies emphasizing sustainable design

Suggested Schedules

1. Schedule I - Subscriber Details: Detailed information about initial subscribers including their shareholding pattern

2. Schedule II - Share Capital Structure: Detailed breakdown of different types of shares and their rights

3. Schedule III - Main Object Details: Comprehensive list of specific interior design services and activities to be undertaken

4. Schedule IV - Rules and Regulations: Internal regulations governing company operations and management

5. Schedule V - Professional Services: Detailed list of professional interior design services offered by the company

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Interior Design

Architecture

Construction

Real Estate

Retail

Hospitality

Corporate Services

Professional Services

Design and Creative Services

Sustainable Development

Commercial Property

Residential Property

Relevant Teams

Legal

Corporate Secretarial

Board of Directors

Senior Management

Compliance

Finance

Design

Operations

Corporate Governance

Business Development

Relevant Roles

CEO

Company Secretary

Legal Counsel

Corporate Lawyer

Business Development Manager

Interior Design Director

Managing Director

Compliance Officer

Board Member

Chief Financial Officer

Operations Director

Design Department Head

Project Manager

Senior Interior Designer

Corporate Governance Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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