NABTEB QUESTIONS

List any FIVE items that can be found in the memorandum of association of a public company. – NABTEB QUESTION

Items in the memorandum of association of public company:

i. Name of the company

ii. Registered office of the company

iii. The objectives of the company

iv. The amount of authorized capital

v. A statement to the effect that the liability of the company is limited

vi. The names of the company promoters, their respective business and the amount of shares taken by each of them

vii. The life span of the company that is, if the company is formed to last for a limited time or as an ongoing concern.

viii. Conditions under which the memorandum of association can be amended.

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