Question

State with reasons whether the following statements are True or False:

Memorandum of Association is a subordinate document.

• A. True
• B. False

Answer 1

The correct option is B False

(i) Memorandum of Association is a basic, primary and supreme document of the company.

(ii) It is to be filed with the Registrar of Company for the purpose of incorporation of company.

(iii) It is the most stable and semi-permanent document.

(iv) It is compulsory for every company.

(v) No company can be formed without the Memorandum of Association.

(vi) It is prepared by promoter of the company.

(vii) It defines the relationship between the company and outsiders.

(viii) It is an unalterable charter of the company.

(ix) It is a public document.

(x) Subordinate document to the Memorandum of Association.