Business Studies · Company Law
Consider the following statements regarding Memorandum of Association (MOA): Statement I: It defines the scope of activities of a company. Statement II: It acts as the constitution of the company. Statement III: Activities beyond the MOA are considered ultra vires. Statement IV: MOA can be altered freely without following legal procedures. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I, II and III are correct but IV is incorrect✓
- 2Statement I and II are correct but III and IV are incorrect
- 3Statement II, III and IV are correct but I is incorrect
- 4All statements are correct
Correct answer
Statement I, II and III are correct but IV is incorrect
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