Question

If a company had been in existence before 1965,it's object clause must embody

Answer 1

Answer:

Name clause. The first clause of the memorandum has to state the name of the proposed company, as company being a legal person should have a name because name of a corporation is the symbol of its existence.

Answer 2

It must embody the main objects

• The criteria are based on the company's memorandum.
• In the event of a firm founded after the beginning period.

1. The main objects of the firm are to be followed by the firm itself on its incorporation.
2. They are also items that are incidental or auxiliary to the achievement of the primary objectives.
3. The additional corporate objects not covered by the subclause