Q242
Which of the following is the most important document of the company?
A.
Memorandum of association
AnswerB.
Articles of association
C.
Annual report
D.
Prospectus
Answer: Option A
Solution
Answer: Option A
Solution:
Memorandum of association is the most important document of the company. It is the charter of the company, which defines the objects of the company's formation and the utmost possible scope of its operations beyond which its actions cannot go.