To familiarize with the internal contract of the offshore company

Memorandum of Association (Memorandum of Association - Memorandum of Association) contains the internal rules of the administration of the company and of business.
Shareholders have the right to change the Memorandum, but it must remain within the statutory and local regulations on companies.

Some company laws contain standard rules, a company can use as a foundation agreement. Usually they take the form of one or more tables in the annexes to the law (for example, Table A).

Articles of incorporation, as a rule, includes the following items:

    - The degree of Table A

    - The rules of the share issue

    - Requirements and measures used in the case of non-payment on the shares

    - Transfer of shares

    - Increase or decrease in capital

    - Loans

    - The general meeting of shareholders

    - Requirements for the directors, their rights and responsibilities

    - Dividends

    - Accounts and Audit

    - Special provisions for the dissolution or liquidation

Memorandum of Association shall be divided into consecutively numbered paragraphs and issued in print. It must be signed by the subscribers under the Charter, and the signatures must be witnessed.

The memorandum usually sufficiently detailed and contains hundreds of paragraphs. Formal Memorandum represents a contract between the company and its shareholders, both current and future. Founding treaty is binding for all shareholders, regardless of when they purchased their shares.