Question

Explain the contents of Memorandum of Association.​

Answer 1

Answer:

Memorandum of Association is the most important document of a company. It states the objects for which the company is formed. It contains the rights, privileges and powers of the company. Hence it is called a charter of the company. A company cannot undertake any business or activity not stated in the Memorandum.

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Answer 2

Answer:

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