6.1 INTRODUCTION
This section is an attempt to give an explanation of some of the contents of the short form MOI. I believe the standard MOI’s are drafted in a very clever way in that where necessary it refers to the act and does not repeat what is in the Act. It is because of this that as Secretarial Practitioners we have to understand these references to the act. We have modified the short form MOI slightly to improve it.
The benefit of the short form is that it’s designed for smaller or owner managed businesses. Once selected it is a simple matter to change the MOI by special resolution. To start it will work for any size business to start with.