12) The clause which defines the purpose for which the company is formed is called as
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The Object Clause is the most important clause of Memorandum of Association. It states the purpose for which the company is formed. The object clause contains both, the main objects and matters which are necessary for achieving the stated objects also known as incidental or ancillary objects.
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Answer: the close which defines the purpose for which the company is formed is called the OBJECT CLAUSE
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