What is the name clause of memorandum of association?
Memorandum of Association (MoA) consists of the following clauses : Name Clause: This clause specifies the name of the company. The name of the company should not be identical to any existing company. Also, if it is a private company, then it should have the word ‘Private Limited’ at the end.
How many clauses are there in a memorandum of association?
six different clauses
Memorandum of Association (MOA) includes six different clauses as mentioned below: Name Clause. Domicile Clause. Objects Clause.
What are the contents of memorandum of association?
Content of the MOA
- Name Clause. For a public limited company, the name of the company must have the word ‘Limited’ as the last word.
- Registered Office Clause.
- Object Clause.
- Liability Clause.
- Capital Clause.
- Association Clause.
- For One-Person-Company.
- A few things to remember.
What is name clause answer in one sentence?
Answer: Name clause contains the name of the company which has already been approved by the Registrar of Companies.
What are the six clauses of MOA?
Main Clauses of Memorandum of Association
- Name Clause. A legal entity, as obvious as it may be, must have a name, which forms the identity of the enterprise.
- Domicile Clause.
- Objects Clause.
- Liability Clause.
- Capital Clause.
- Subscription Clause.
Which of the following is not a clause of MOA?
Therefore, Board of director clause is not present in the MOA.
How many clauses are there in MOA Mcq?
How many clauses are there in MOA? 12.
Which is not a clause of MOA?
Which clause number is a capital clause?
fifth clause
Capital Clause: The fifth clause of the MOA, the capital clause, states the company’s share capital. The clause must specify the total number of share capital with which the company must be registered, the number of shares of each kind and the face value of each share.
What does the name clause mean?
Clause is derived from the medieval given name Klaus, which is a shortened form of the personal name Niklaus or Nicholas. The given name Nicholas, which means people’s victory, was popular among Christians throughout Europe in the Middle Ages.
How many types of clauses are there name them?
There are four basic types of main clause: declaratives (statements), interrogatives (questions), imperatives (orders/instructions) and exclamatives (used for exclamations).
What is Memorandum of Association Class 11?
Answer: Memorandum of Association is the most important document. It defines the objectives of the company and determines the boundary line, with in which the company has to perform tasks. No company can legally undertake activities that are not contained in its Memorandum of Association.
How many clauses are there in memorandum of association Mcq?
Which clause is also called as domicile clause?
The second clause of the MOA, the ‘situation clause’ or ‘domicile’ clause specifies the location of the company’s registered office. The domicile clause will not exactly contain the address of the registered office, but the state or union territory in which the registered office of the company is located.
Which is not the clause of MOA?
What are six clauses of memorandum of association?
What are the features of name clause?
Name Clause The Central Government may find a name to be undesirable and misleading, in which case it may prohibit it. A company should end with the word ‘limited’ in case of a public limited enterprise, and ‘private limited’ in the case of a private limited enterprise.
What is the use of name?
A name is a term used for identification by an external observer. They can identify a class or category of things, or a single thing, either uniquely, or within a given context. The entity identified by a name is called its referent.
How many clauses are there in Memorandum of Association Mcq?
What is an objective clause?
Noun. objective clause (plural objective clauses) (grammar) A clause that takes place of the direct object of a verb.
Where does the name clause come from?
Clause is one of the most common styles of German surname, that of patronymics and matronymics – names derived from the given names of the father or mother of their original bearers. Clause is derived from the medieval given name Klaus, which is a shortened form of the personal name Niklaus or Nicholas.
Under what condition the name clause of the memorandum has to be changed?
If a company is deciding to change its name then, it leads to the Alteration of Name Clause in the Memorandum of Association. It is dealt with Section 13 of Companies Act, 2013. All 6 clauses of MOA of a company can be changed merely by passing Special Resolution.