All India Bar Examination (AIBE) 4-IV Previous Year Question Papers with Answers

Practice Mode:
82.

The Memorandum of Association of a company limited by share must be as per ?

A: Table A
B: Table B
C: Table C
D: Table D

The answer is: A

Explanation

The correct option is A: Table A.

According to Section 4 (6) of the Companies Act, 2013, the format of the Memorandum of Association (MOA) of a company will be as specified in Table A to Table E of Schedule I of the Act. Every company needs to select the appropriate format depending on its type and nature of business. The different formats provided in the Act are as follows:

- Table A: Form for the MOA of a company limited by shares.
- Table B: Form for the MOA of a company limited by guarantee and not having a share capital.
- Table C: Form for the MOA of a company limited by guarantee and having a share capital.
- Table D: Form for the MOA of an unlimited company and not having a share capital.
- Table E: Form for the MOA of an unlimited company and having a share capital.

Therefore, a company limited by shares must follow the format given in Table A, which contains the following clauses:

- Name clause: The name of the company with "Limited" or "Private Limited" as the case may be, as the last word of the name.
- Registered office clause: The name of the state in which the registered office of the company is to be situated.
- Objects clause: The objects for which the company is proposed to be incorporated and any matter considered necessary in furtherance thereof.
- Liability clause: The liability of members is limited and the amount up to which every member undertakes to contribute to the assets of the company in the event of its being wound up.
- Capital clause: The amount of share capital with which the company is to be registered and division thereof into shares of a fixed amount.