ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Articles of Business Registration.
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Memorandum of Business.
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Articles of Association.
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Companies Association Act.
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Detailed explanation-1: -Yes. Every company, whether registered as a private company, public company or one-person company, requires an MoA. Thus, if the startup plans to register as a company under the Companies Act, 2013, the startup must prepare MoA before applying for registration.
Detailed explanation-2: -The memorandum of association is the document that sets up the company and the articles of association set out how the company is run, governed and owned. The articles include the responsibilities and powers of the directors and the means by which the members exert control over the board of directors.
Detailed explanation-3: -Certificate of Incorporation, PAN Card, MOA, and AOA of Private Limited Company are all included in the incorporation documents. Assurance Financial Statements The independent auditor should review the financial statements.