MCQs · Q7
Q.Which of the following clauses is NOT typically found in a company's Memorandum of Association?
(A) Object Clause
(B) Liability Clause
(C) Clause governing the procedure for conducting board meetings
(D) Name Clause
West Bengal WbchseTextbookSubjectiveImportance★★★★★est
47% · 7/15 Questions
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Start your 14-day free trial to unlock the full solution →The Memorandum of Association (Section 4) fixes the company's name, objects, liability structure, capital, and the subscribers' declaration — it defines the company's SCOPE and its relationship with the outside world. Internal management procedures, such as how board meetings are conducted, belong instead to the Articles of Association (Section 5).
Option-by-option analysis:
- (A) Incorrect (as a distractor) — the Object Clause IS a standard Memorandum clause.
- (B) Incorrect (as a distractor) — the Liability Clause IS a standard Memorandum clause. …
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