Question

Company can be registered without Memorandum of Association.

• A. True
• B. False

Answer 1

The correct option is B False

(i) The Memorandum of Association is a basic or fundamental or primary document of a company.

(ii) The Memorandum of Association lays down the ranges of its activities.

(iii) It is a public document and can be inspected by those who deal with the company.

(iv) It states the nature of the business activities to be conducted by the company.

(v) It defines the relationship between the company and the outsiders.

(v) All companies have to prepare their own Memorandum of Association.

(vii) It is a charter on the Constitution of a company.

(viii) It defines the limitation and powers of the company.

(ix) No company can be formed without a Memorandum of Association.

(x) Memorandum of Association is submitted to the Registrar of Companies for registration i.e. for getting a Certificate of Incorporation.

So, a company cannot be registered without Memorandum of Association.

Hence the statement is false.