What is MOI (Memorandum of Incorporation)?
The founding document of a South African company that sets out its rules, the rights of shareholders and the powers of directors.
Every company must have a Memorandum of Incorporation under the Companies Act. Many small private companies use CIPC's standard short-form MOI; others adopt a customised MOI with their own rules on matters such as share transfers or director appointments.
The MOI must be consistent with the Companies Act. Changing it requires a special resolution of shareholders and a filing with CIPC.
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