RJSC extends MoA, AoA facilities for all types of Cos

Business Desk :
The Registrar of Joint Stock Companies (RJSC) – the regulatory body that manages business registration – will provide automated standardised Memorandum of Association (MoA) and Articles of Association (AoA) facilities for all types of companies in Bangladesh.
The initiative will enable companies to accept and use model articles that are universal and in full compliance with the law, instead of drafting articles of association for their companies, said a press release.
This facility is currently available for private limited, public limited, foreign companies, one person companies, and companies registered under Section 29 of the Companies Act 1994. The RJSC will extend the facility for the registration of societies, trade organisations, partnership firms, and companies under Section 28 of the Act.
The USAID Feed the Future Bangladesh Trade Activity is supporting RJSC in this initiative, the press release said.
In corporate terminology, the memorandum of association is the document that regulates the company’s external affairs and the articles of association covers the company’s internal constitution.