Question

Fill in the blanks:

The constitution of a joint stock company is called _______.

• A. memorandum of association
  
• B. articles of association
  
• C. table A
  
• D. None of these
  

Answer 1

The correct option is A memorandum of association

Memorandum of Association is the constitution of Joint stock company. It directs or instructs joint stock company. The joint stock company runs in accordance with the memorandum of association. Activities of the joint stock company are directed by the Memorandum of Association. Memorandum of association is regarded as a blueprint as it is needed for the incorporation of the joint stock company. Memorandum of Association is submitted to Company Registrar Office. Basic information and provision of the company are clearly mentioned in the memorandum of association. It defines scopes, objectives, functions of the joint stock company.