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Business Studies

MOA and AOA

Every company...

Question

Every company must file Articles of Association

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Solution

The statement is FALSE.
It is not compulsory for every company to file articles of association (AoA). Instead of AoA, the company may adopt Table A of the Companies Act.

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Q. Tick the correct answer.
Every company must file Articles of Association.

Every company has it's own Articles of Association.

Q. Mark the following statements True or False:
(a) A private company must file a statement in lieu of prospectus.
(b) A company which does not want to prepare its own Articles of Association can adopt Table A.
(c) A company wanting to raise capital must issue a prospectus.
(d) A private company can start its business immediately after incorporation.
(e) Capital clause is a part of the Articles of Association.
(f) The Memorandum of Association defines the relationship of a company with or outsiders.
(g) Every company must issue a prospectus to raise share capital.

'Articles of association' is the main document of a company.

Q. Articles of Association of a Company contains the name of _____________.

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