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Question
Complete the sentence.
The document which is subordinate to the Memorandum of Association is called _________
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Solution
The document which is subordinate to the Memorandum of Association is called Article of association.
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RELATED QUESTIONS
Select the correct answer from the option given below and rewrite the sentence.
Any act done by the company beyond the powers of Memorandum is called as _______.
Select the correct answer from the option given below and rewrite the sentence.
_________ clause contains the details of liability of the members.
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Document which establishes company’s relationship with outsiders.
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The document is subordinate to the Memorandum of Association.
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Last clause of Memorandum which contains name, signature, and other details of all the subscribers to the Memorandum.
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Prospectus attached with every share application form.
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This prospectus does not contain information about the quantum of shares to be issued or the price at which shares will be issued.
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Memorandum need not have a Liability Clause.
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Every subscriber who signs the Memorandum must also sign the Articles.
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Entrenched Articles cannot be easily altered.
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Only public companies can issue Prospectus.
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Find the odd one.
Complete the sentence.
The document which contains the rules and regulations governing the internal management of a company is called _________
Explain the following term/concept.
Name clause
Explain the following term/concept.
Liability clauses
Study the following case/situation and express your opinion:
The object clause of Memorandum of a company stated the main object as the manufacturing of plastic chairs and tables and any other activity in furtherance of achievement of its main activity. The Board of Directors wants to now also produce TV. Serials and feels that the shareholders may give their permission.
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b) How can the object clause of the company be altered?
