Question

A company has 2 lakh shares of which Abid owns 1.5 lakh shares and his friend Basu owns 50,000 shares. This is mentioned in which clause of the MOA?

• A. Capital clause
• B. Objects clause
• C. Liability clause
• D. None of the above

Answer 1

The correct option is A

Capital clause

This is mentioned in the capital clause of the MOA.