Q19
Memorandum of association of a firm contains _______.
A.
rules regarding the internal management of the company
B.
rules regarding the constitution and activities of the company
AnswerC.
rules regarding the external management
D.
rules regarding the constitution
Answer: Option B
Solution
Answer: Option B
Solution:
Memorandum of association of a firm contains rules regarding the constitution and activities of the company. Memorandum of Association (MOA) is a legal document which specifies the scope of business activities of the company and information about shareholding of the company. The MoA is a document prepared for the Company registration procedure.