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Question
State whether the following statement is True or False:
Every subscriber who signs the Memorandum must also sign the Articles.
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.
_______is a primary document of the company which contains the aims and objectives of the company.
Select the correct answer from the option given below and rewrite the sentence.
_________ acts are void or legally ineffective.
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Articles establishes relationship between company and ________.
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The document is subordinate to the Memorandum of Association.
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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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Entrenched Articles cannot be easily altered.
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Prospectus must be issued within 1 year from the date of tiling it with the ROC.
Find the odd one.
Find the odd one.
Select the correct option from the given options:
| Group A | Group B |
| ___________ | Establishes relation between company and its member |
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Study the following case/situation and express your opinion:
The Articles of a company stated that while borrowing any money from outsiders. The document must have the signatures of the Managing Director (MD) and any one of the directors. The Articles of Association clearly stated the procedure to be followed while borrowing money. The Managing Director did not follow all the procedures but still borrowed money from Mr. X. Mr. X assumed that the MD has followed the required procedures:
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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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