What is the importance of the domicile clause of a company?
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Domicile is a key legal concept; it affects many other rights and obligations and can determine a person's tax position
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The objects clause states the ambit and extent of a Company's powers. The purpose of this statement is to enable creditors and other persons dealing with the company to know the extent of the company's power and authority, and to protect the subscribers who will know the purposes to which their money can be applied.
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