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Question
Select the correct answer from the option given below and rewrite the sentence.
_________ clause states the amount of Authorised capital with which the company is registered.
Options
Liability
Object
Capital
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Solution
Capital clause states the amount of Authorised capital with which the company is registered.
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Study the following case/situation and express your opinion.
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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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Study the following case/situation and express your opinion:
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