Which of the following is ONE of the contents of the memorandum of association of a limited liability company?

A. The transfer and transmission of shares
B. The voting rights of members
C. The borrowing powers of the company
D. The object clause of the company
E. The appointment and powers of Managing Director

Answer: D. The object clause of the company

Explanation:
The correct answer is D. The memorandum of association of a company typically contains fundamental information such as the company’s name, registered office, and its objectives, which are known as the object clause. It does not cover internal matters such as voting rights or the appointment of directors, which are usually addressed in the articles of association.

Rundown:
This question tests knowledge of the legal documentation related to a limited liability company’s formation. The object clause is part of the memorandum of association, outlining the company’s purpose and scope of activities.

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