Question

Characteristics of memorandum of accosiation

Answer 1

Characteristics of memorandum of accosiation:

It is a fundamental document  of a company.

It is essential to every company to prepare its own memorandum.

It should be in written form.

It contains Name, signature and other particulars of persons.

On registration of memorandum , the company is deemed to have been registered.

It contains information regarding company information.

Memorandum is a public document after registration and inspected by any person.

It is a binding of company and its members.