Name the document which is known as the charter of the company whose purpose is to enable the shareholders, creditors and those dealing with the company to know its permitted range of business.
The business and objects of a company and the rules and regulations governing its management are known by two important documents called 'Memorandum of Association' and 'Articles of Association'. Therefore, for the formation of a company these documents are essential. oMemorandum of Association - The memorandum of association is the charter of the company. Its purpose is to enable the shareholders, creditors and those dealing with the company to know its permitted range of business. Memorandum of Association of a company contains the following details among others: Name of the company State in which the registered office of the company is to be situated Objects of the company Liability of the members and Share capital and its division. oArticles of Association - Articles of Association are rules and regulations governing the internal management of the company. They define the powers of the officers of the company. Articles of Association are subordinate to Memorandum of Association and it contains the following details among other things: Number of directors of the company Procedure for conducting meetings of the shareholders, board of directors. Procedure for transfer and transmission of shares Borrowing powers of the company Officers of the company and other details.
Which type of union relies on collective bargaining as its main method of achieving its goals?
Rahul saves Rs. 6000 more if he spends 50% of his income instead of 70%. Find the savings of Sumit whose income is 25% more than that of Rahul, and spen...
The perimeter of a rectangle is 150% more than perimeter of a square of side 10 cm. If the length of rectangle is 250% more than side of square then fin...
A dataset has a median of 18 and a range of 64. What is the maximum value of the dataset?
Deficiency of which of the following leads to night blindness?
India will send Gaganyaan Mission by 2024 with 3 male Astronauts and a female robot named _______________ .
Which country’s universities is going to set up its campuses at the GIFT CITY ?
The provisions related to retrenchment are covered under which Act?
Which of the following is an example of connectivity ?
In a division sum, the divisor is 9 times the quotient and also 3 times of the remainder. If the remainder is 45, then the dividend is: