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Question
State whether the following statement is True or False:
Articles of Association is subordinate to Memorandum.
Options
True
False
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Solution
True
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RELATED QUESTIONS
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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_________ clause states the amount of Authorised capital with which the company is registered.
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Primary document of a company which states aims and objectives of a company.
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Term used for acts beyond the scope of Memorandum of Association.
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Document which establishes relationship between a company and its members.
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Memorandum of Association and Articles of Association is prepared at the time of incorporation of a company.
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Any act done by the company beyond the powers of Memorandum is Ultra Vires.
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Memorandum need not have a Liability Clause.
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Memorandum contains rules and regulations for the internal management of a company.
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Prospectus can be issued by a private company.
Find the odd one.
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Select the correct option from the given options:
| Group A | Group B |
| ___________ | Memorandum of association. |
Study the following case/situation and express your opinion:
A Company plans to offer Rights Issue.
a) Which document must it send to its shareholders for offering the Rights Issue?
b) Instead of Rights Issue, if the company wants to issue shares to the public, which document must it issue for inviting the public to subscribe for it?
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Distinguish between the following:
Memorandum of association and articles of association.
