Question

Liability clause in MOA is required by __________________.

• A. Company Limited by shares
• B. Company Limited by guarantee
• C. Company Limited by both shares and guarantee
• D. All of the above

Answer 1

The correct option is D All of the above

Liability Clause. The fourth clause of MOA, the liability clause declares the liability of members of the company to be either limited or unlimited.
However, in the case of a limited company, the liability of directors or managers alteration in the MOA will be made only in these clauses, either in all or any of these clauses.
Therefore the situations under which the MOA needs to be altered are Change in the name of the Company. Change of registered office of the Company.ers of a company may be unlimited if specified in the memorandum.