 The Memorandum of Association and the Articles of association are the constitution for the company, they are approved by licensing as they act as an artificial person so there is no single person to take responsibility and they must operate within the capacity which is set.The corporation's capacity is set within the Memorandum of Association Clause 3 (the objectives).If companies act outside the objectives, it considered that the act is ultra vires- “beyond its powers” and therefore void.