BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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memorandum of association
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prospectus
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articles of association
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certificate of incorporation
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Detailed explanation-1: -AOA (Article of Association) contains the rules and regulations regarding the management of a company’s internal affairs. It defines the powers, duties and rights of managers, officers and the board of directors.
Detailed explanation-2: -Articles of Association defines the rules regarding internal management of a company.
Detailed explanation-3: -Articles of association form a document that specifies the regulations for a company’s operations and defines the company’s purpose. The document lays out how tasks are to be accomplished within the organization, including the process for appointing directors and the handling of financial records.
Detailed explanation-4: -Articles of Association (AOA) Definition As per Section 2(5) of the Companies Act, 2013 articles means the Article of Association in company law (AOA in company law) of a company originally framed or altered or applied in pursuance of any previous company law or of this Act.