State FIVE clauses contained in the memorandum of association of company. – NABTEB QUESTION

The clauses contained in the memorandum of association in a company are as follows:

1. The name of the company with the word “PLC” at the end or Ltd.

2. The statement of the authorized capital.

3. The purpose of setting up/establishing the company/objective of the company.

4. The statement that the liability of shareholders is limited.

5. The position of the head office of the company/location.

6. Name of the company’s promoter and their addresses.

7. The expiration or life span of the business.

8. Method of amending the memorandum of associate.