New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is incorrect with respect to the

    information that are required to be incorporated in the Memorandum of Association of a Company?
    A The name of the company Correct Answer Incorrect Answer
    B The liability of members of the company Correct Answer Incorrect Answer
    C Objects for which the company is proposed to be incorporated Correct Answer Incorrect Answer
    D The rules and regulations governing the internal management of the company Correct Answer Incorrect Answer

    Solution

    Explanation: Section 4 Memorandum- (1) The memorandum  of a Company shall state— (a)  the name of the company with the last word 'Limited' in the case of a public limited company, or the last words 'Private Limited' in the case of a private limited company; (b) the State in which the registered office of the company is to be situated; (c) the objects for which the company is proposed to be incorporated and any matter considered necessary in furtherance thereof; (d) the liability of members   of the company, whether limited or unlimited; (e) in the case of a company having a share capital,— (i) the amount of share capital with which the company is to be registered and the division thereof into shares of a fixed amount and the number of shares which the subscribers to the memorandum agree to subscribe which shall not be less than one share; and (ii) the number of shares each subscriber to the memorandum intends to take, indicated opposite his name; (f) in the case of One Person Company , the name of the person who in the event of death of the subscriber shall become the member of the company.

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