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of <h1>Company's Memorandum and Articles Legally Bind Members, Creating Mutual Obligations Under Companies Act, 2013</h1> The memorandum and articles of a company, once registered under the Companies Act, 2013, legally bind the company and its members as if each had personally signed them. This creates mutual obligations to adhere to all provisions within these documents. Additionally, any financial obligations owed by a member to the company, as specified in the memorandum or articles, are considered a debt owed by that member to the company.
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