Powers, Rights, Remuneration, Qualification, and Duties of Directors
The detailed solution is as follows:
1. Memorandum of Association:
- The Memorandum of Association is a legal document that outlines the company's objectives, powers, and scope of activities.
- It does not provide specific details about the powers, rights, remuneration, qualification, and duties of directors.
- The Memorandum of Association primarily focuses on the company's overall purpose and activities.
2. Articles of Association:
- The Articles of Association is a document that contains the internal rules and regulations of the company.
- It provides detailed information about the powers, rights, remuneration, qualification, and duties of directors.
- The Articles of Association outline the roles and responsibilities of directors, their appointment and removal procedures, and their authorities within the company.
3. Prospectus:
- A prospectus is a legal document issued by a company when it offers shares or debentures to the public.
- It provides information about the company's financials, business operations, management, and other relevant details.
- While a prospectus may mention the existence of directors, it does not specifically discuss their powers, rights, remuneration, qualification, and duties.
4. None of the above:
- This option implies that none of the mentioned documents (Memorandum of Association, Articles of Association, Prospectus) clearly discusses the powers, rights, remuneration, qualification, and duties of directors.
- However, it is important to note that the Articles of Association are the most appropriate document to find detailed information about these aspects of directors' roles and responsibilities.
In conclusion, the correct answer is Articles of Association (Option B) as it provides a comprehensive understanding of the powers, rights, remuneration, qualification, and duties of directors within a company.