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Question
Select the correct option from the given options:
| Group A | Group B |
| Liability clause | ___________ |
Options
Articles of Association
Red Herring Prospectus
Primary document
details of liability of members
Advertisements
Solution
| Group A | Group B |
| Liability clause | Detail of liability of members |
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RELATED QUESTIONS
Select the correct answer from the option given below and rewrite the sentence.
_______is a primary document of the company which contains the aims and objectives of the company.
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Any act done by the company beyond the powers of Memorandum is called as _______.
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_________ clause contains the details of liability of the members.
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_______ is an invitation to the public to subscribe for the shares of the Company.
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_______ is an incomplete prospectus.
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Primary document of a company which states aims and objectives of a company.
Write a word or a term or a phrase which can substitute the following statement:
Document issued by public company inviting public to subscribe to its shares.
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Prospectus attached with every share application form.
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Prospectus used for multiple issue of shares within a year.
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Any act done by the company beyond the powers of Memorandum is Ultra Vires.
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Articles of Association can have provisions that contradict the Memorandum.
State whether the following statement is True or False:
Memorandum need not have a Liability Clause.
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Articles of Association is subordinate to Memorandum.
State whether the following statement is True or False:
Memorandum contains rules and regulations for the internal management of a company.
State whether the following statement is True or False:
Entrenched Articles cannot be easily altered.
Find the odd one.
Study the following case/situation and express your opinion:
A public limited company has issued all the shares mentioned in its Memorandum as Authorized Capital. Now the Company wants to make a public issue of 10,000 shares at face value of Rs 100 per share, to raise more funds for its expansion activities :
(a) Which clause of Memorandum needs to be altered?
(b) In which meeting the alteration can be approved?
(c) Which document should the company issue to invite the public to buy its shares?
