Question

In which type of company, the name of a person is written in its MOA. who will become a member of the company in the condition of the death or loss of contracted capacity?
(a) In public company
(b) One person company
(c) Private company
(d) All the companies

Answer 1

In one person company, name of a person is written in its MOA.

After the death of person , the person whose name is written in MOA ( i.e legal nominee ) will become member of the company.

Say thanks

Please follow me