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?Solution
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
A company filing a shelf prospectus shall be required to file an ______?
What is the minimum number of directors required in Private Company?
What is the maximum number of persons required to form a private company?
What is the time period within which subsequent AGMs should be from the date of closing of the Financial Year?
A Private Company may not issue securities