GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the name of the formal document that sets out basic details of a company, such as its name and the initial share capital invested?
A
Annual Report
B
Deed of Partnership
C
Memorandum of Association
D
Articles of Association
Explanation: 

Detailed explanation-1: -The Memorandum of Association (the “Memorandum”) is the public-facing document which includes prescribed information of interest to external parties, while the Articles of Association (the “Articles”) govern the internal affairs of the Company.

Detailed explanation-2: -A Memorandum of Association (MoA) represents the charter of the company. It is a legal document prepared during a company’s formation and registration process. It defines the company’s relationship with shareholders and specifies the objectives for which the company has been formed.

Detailed explanation-3: -a ‘memorandum of association’-a legal statement signed by all initial shareholders or guarantors agreeing to form the company. ‘articles of association’-written rules about running the company agreed by the shareholders or guarantors, directors and the company secretary.

Detailed explanation-4: -Memorandum of Association (MOA) of a Company A Memorandum of Association (MOA) is a document containing details of the company’s constitution and is the foundation of the company’s structure. It is known as the charter of a company.

Detailed explanation-5: -Memorandum of association The MOA is generally filed with a Registrar of Companies who is an appointee of the Government of the country. For their assurance, the shareholders are permit of the Memorandum of Association.

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