Memorandum of association of a firm contains________.
A. rules regarding the internal management of the company.
B. rules regarding the constitution and activities of the company.
C. rules regarding the external management.
D. rules regarding the constitution.
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Memorandum of Association is the principal document that is required in the formation of the company as it is considered as the Charter of the company. It contains the powers, goals, and objectives of a joint-stock company which defines the scope of operations within which the members of the company will operate.
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Memorandum of Association is the principal document that is required in the formation of the company as it is considered as the Charter of the company. It contains the powers, goals, and objectives of a joint-stock company which defines the scope of operations within which the members of the company will operate.
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