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Purpose of Financial Statements

Statutory cor...

Question

Statutory corporations are not required to __________.

A

frame its memorandum of association

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B

frame its articles of association

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C

use the word limited as a part of its name

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D

all of the above

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Solution

The correct option is C use the word limited as a part of its name
Statutory corporations are the companies that are formed by the special act passed by either central or state government. Even though the liability of the members is limited the word limited is not used as a part of their name.

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