Which of the following is true regarding Memorandum of Association of company? (i) It is the document…
The memorandum defines the company's constitution and its relationship with outsiders and must be filed for incorporation. It states the liability of members under section 4…
Choose your answer
Which of the following is true regarding Memorandum of Association of company?
(i) It is the document dealing with the relation between company and outsiders
(ii) It is to be filed with the Registrar of Companies
(iii) It need not disclose the liability of members of the company at the time of incorporation of company
(iv) By the Doctrine of Constructive Notice, a person entering into a contract with the company should have read this document.
Answer and explanation
Correct answer D
The memorandum defines the company's constitution and its relationship with outsiders and must be filed for incorporation. It states the liability of members under section 4 of the Companies Act, 2013, and the doctrine of constructive notice attributes knowledge of its public contents to those dealing with the company.
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