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Which of the following clause of the Memorandum of Association cannot be altered?
- a)Name
- b)Object
- c)Situation
- d)Liability
Correct answer is option 'D'. Can you explain this answer?
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Which of the following clause of the Memorandum of Association cannot ...
Answer:
The clause of the Memorandum of Association that cannot be altered is the "Liability" clause. This means that the liability of the members of the company cannot be changed once it is stated in the Memorandum of Association. The liability clause determines the extent to which the members of the company are personally responsible for the debts and obligations of the company.
Here is a breakdown of the clauses mentioned in the question:
Name:
- This clause specifies the name of the company. It can be changed with the approval of the shareholders and by following the necessary legal procedures.
Object:
- This clause outlines the objects and activities that the company is authorized to undertake. It can be altered with the approval of the shareholders and by following the necessary legal procedures.
Situation:
- This clause states the registered office address of the company. It can be changed with the approval of the shareholders and by following the necessary legal procedures.
Liability:
- This clause determines the liability of the members of the company. It cannot be altered once it is stated in the Memorandum of Association.
It is important to note that any alteration to the Memorandum of Association requires the approval of the shareholders and compliance with legal procedures set by the relevant company laws and regulations.
The clause of the Memorandum of Association that cannot be altered is the "Liability" clause. This means that the liability of the members of the company cannot be changed once it is stated in the Memorandum of Association. The liability clause determines the extent to which the members of the company are personally responsible for the debts and obligations of the company.
Here is a breakdown of the clauses mentioned in the question:
Name:
- This clause specifies the name of the company. It can be changed with the approval of the shareholders and by following the necessary legal procedures.
Object:
- This clause outlines the objects and activities that the company is authorized to undertake. It can be altered with the approval of the shareholders and by following the necessary legal procedures.
Situation:
- This clause states the registered office address of the company. It can be changed with the approval of the shareholders and by following the necessary legal procedures.
Liability:
- This clause determines the liability of the members of the company. It cannot be altered once it is stated in the Memorandum of Association.
It is important to note that any alteration to the Memorandum of Association requires the approval of the shareholders and compliance with legal procedures set by the relevant company laws and regulations.
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Which of the following clause of the Memorandum of Association cannot be altered?a)Nameb)Objectc)Situationd)LiabilityCorrect answer is option 'D'. Can you explain this answer?
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Which of the following clause of the Memorandum of Association cannot be altered?a)Nameb)Objectc)Situationd)LiabilityCorrect answer is option 'D'. Can you explain this answer? for Grade 11 2024 is part of Grade 11 preparation. The Question and answers have been prepared according to the Grade 11 exam syllabus. Information about Which of the following clause of the Memorandum of Association cannot be altered?a)Nameb)Objectc)Situationd)LiabilityCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Grade 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following clause of the Memorandum of Association cannot be altered?a)Nameb)Objectc)Situationd)LiabilityCorrect answer is option 'D'. Can you explain this answer?.
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