BUISENESS MANAGEMENT
BUSINESS STRUCTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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point (i) only
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points (ii) and (iii) only
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points (i), (ii) and (iii)
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none of the above
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Detailed explanation-1: -The following are the clauses in Memorandum of Association: Name Clause. Registered Office Clause. Object Clause.
Detailed explanation-2: -What Is Authorized Share Capital? Authorized share capital is the number of stock units (shares) that a company can issue as stated in its memorandum of association or its articles of incorporation.
Detailed explanation-3: -MOA full form – Memorandum of Association is a legal document that explains why the organization was founded. It establishes the company’s authority and the terms under which it works. It is a manual that includes all of a company’s laws and regulations for its interactions with the outside world.
Detailed explanation-4: -It contains the names and addresses of the first subscribers. The subscribers to the Memorandum must take at least one share. The minimum number of members is two (2) in case of a private company, seven (7) in case of a public company and one (1) in case of One Person Company as per The Companies Act, 2013.