- 1 Marks
BCL – L1 – SA – Q98 – Alternative Forms
Question
……………..lays down the objects and powers of the company.
A Memorandum of Association
B Articles of Association
C Prospectus
D Statement in lieu
Answer
A
Explanation:
The correct answer is A because the memorandum of association defines the company’s objects and powers, setting its scope of operations. Articles of association (B) govern internal rules, the prospectus (C) is for investors, and a statement in lieu (D) is used for specific filings, not objects.
- Tags: Company Law, Company Objects, Memorandum of Association
- Level: Level 1
- Uploader: Samuel Duah