New Enroll in RBI Gr B 2025 Exclusive New Batch on March 18

    Question

    Which of the following is incorrect with respect to the

    information that are required to be incorporated in the Memorandum of Association of a Company?
    A The name of the company Correct Answer Incorrect Answer
    B The liability of members of the company Correct Answer Incorrect Answer
    C Objects for which the company is proposed to be incorporated Correct Answer Incorrect Answer
    D The rules and regulations governing the internal management of the company Correct Answer Incorrect Answer

    Solution

    Explanation: Section 4 Memorandum- (1) The memorandum  of a Company shall state— (a)  the name of the company with the last word 'Limited' in the case of a public limited company, or the last words 'Private Limited' in the case of a private limited company; (b) the State in which the registered office of the company is to be situated; (c) the objects for which the company is proposed to be incorporated and any matter considered necessary in furtherance thereof; (d) the liability of members   of the company, whether limited or unlimited; (e) in the case of a company having a share capital,— (i) the amount of share capital with which the company is to be registered and the division thereof into shares of a fixed amount and the number of shares which the subscribers to the memorandum agree to subscribe which shall not be less than one share; and (ii) the number of shares each subscriber to the memorandum intends to take, indicated opposite his name; (f) in the case of One Person Company , the name of the person who in the event of death of the subscriber shall become the member of the company.

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