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_____________ document defines the scope of a company’s activities:
Memorandum of Association
Articles of Association
Prospectus
None of the above
Memorandum of Association (MOA) is a legal document prepared in the formation and registration process of a limited liability company. The MOA contains the name, location of registered office, main and other objects of the company, liability of the members, and the authorized capital of the company. It explains the scope of company’s activities. The prospective shareholders know the areas where company will invest their money and risk, they are taking in investing the money. Any activity beyond MOA is ultra vires.
By: Vikas Goyal ProfileResourcesReport error
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