Which of the following is not included in the Articles of Association when a company is being formed?
a)the rights of the shareholders b)whether the company is private or public c)methods of election of directors
d) division of profits
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Answer:
c) is your answer
Explanation:
The memorandum of association is the document that sets up the company and the articles of association set out how the company is run, governed and owned. The articles of association includes the responsibilities and powers of the directors and the means by which the members exert control over the board of directors.
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