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Business Studies

Incorporation

defines the c...

Question

____________ defines the company's objects and various powers it possesses.

A

Articles

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B

Memorandum

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C

Prospectus

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D

Annual report

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Solution

The correct option is A Memorandum
The MOA of a company contains the object for which the company is formed. It identifies the scope of its operations and determines the boundaries it cannot cross. It is a public document according to Section 399 of the Companies Act, 2013.
It contains details about the powers and rights of the company.

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