Question

Which clause of memorandum defines powers and limitations of a company​

Answer 1

Answer:

The memorandum of association is defined as a company's charter. It defines the limitations of a company's powers.

Explanation:

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Answer 2

Answer:

The Object Clause of the memorandum defines the powers and limitations of a company​.

Explanation:

• Object clause is the most important clause of the MOA.
• It contains the main object of the company and other secondary objectives of the company.
• It defines the scope and limitations of the activities of the company.

• The objects must be defined and stated keeping in mind the following conditions:

1. The objects of the company must be legal.
2. The objects of the company must not be contrary to the provisions of any law.
3. The object must not be immoral
4. The object must not be illegal.
5. The object must not be unethical.

Thus, The Object Clause of the memorandum defines the powers, scope, and limitations of a company​.

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