List the clauses of memorandum of association. Describe name clause.
List the clauses of memorandum of association. Describe name clause.
Wednesday, October 14, 2020
List the clauses of memorandum of association. Describe name clause.
Answer: Memorandum of Association: It is the document which sets out the constitution of the company and as such is really the foundation on which the structure of company rests. It must contain the following clauses:
1. Name clause.
Answer: Memorandum of Association: It is the document which sets out the constitution of the company and as such is really the foundation on which the structure of company rests. It must contain the following clauses:
1. Name clause.
2. Object clause.
3. Domicile clause.
4. Liability clause.
5. Capital clause.
Name Clause: In this clause the full name of the company is shown and the last word of the name of the company must be limited. An already registered name cannot be adopted.
Name Clause: In this clause the full name of the company is shown and the last word of the name of the company must be limited. An already registered name cannot be adopted.