A memorandum contains following important clauses [Section 4(1)] -
1. Name Clause which contains name of the Company
2. Registered Office Clause which contains State of India where registered office of the company is situated
3. Objects Clause of the Company and matters considered necessary in furtherance thereof
4. Liability Clause which defines liability of members of the company, and
5. Share Capital Clause which defines Authorized share capital of the company.
6. Subscription clause which prescribes the number of shares which the subscribers to the memorandum agree to subscribe which shall not be less than one share.
As per section 4(6) of Companies Act, 2013 memorandum of association should be in any one of the Forms specified in Tables A, B, C, D or E of Schedule I to the Act, as may be applicable in relation to the type of company proposed to be incorporated.
A company shall adopt any of the model Forms of the memorandum of association mentioned above, as may be applicable to it.