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Question
Write a word or a term or a phrase which can substitute the following statement:
Document which contains, Name Clause, Registered Office Clause, Capital Clause, etc.
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Solution
Memorandum of association.
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______ describes the relationship between company and outsiders.
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_________ clause contains the details of liability of the members.
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Primary document of a company which states aims and objectives of a company.
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Document which establishes relationship between a company and its members.
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Prospectus attached with every share application form.
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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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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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The documents which state the aims and objectives of a company is called as_________
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The document which is subordinate to the Memorandum of Association is called _________
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| Group A | Group B |
| ___________ | Memorandum of association. |
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| Incomplete prospectus | ___________ |
Explain the following term/concept.
Capital clauses
Distinguish between the following:
Memorandum of association and articles of association.
