Question

Memorandum is the _______ document of a company.

• A. secondary
• B. primary
• C. sub-ordinate
• D. Non of these
  

Answer 1

The correct option is B primary

Memorandum is the primary document of a company.Memorandum of Association is a document of prime importance for a company. It depicts the objectives, extent of authority, competency, liabilities and legal rights of the company. The Memorandum acts as a legal code or constitution for a company and regulates the relationships between the company and its shareholders, investors, beneficiaries and other members.