All but one of the following is not a clause to be found in the memorandum of associationQuestion 10Answera.the restriction clauseb.the status of the companyc.the name claused.the subscription clause
Question
All but one of the following is not a clause to be found in the memorandum of associationQuestion 10Answera.the restriction clauseb.the status of the companyc.the name claused.the subscription clause
Solution
The question seems to be asking which of the following is not typically found in the memorandum of association of a company. The options given are:
a. The restriction clause b. The status of the company c. The name clause d. The subscription clause
Let's go through each of these options:
a. The restriction clause: This is typically found in the memorandum of association. It outlines the limitations of the powers of the company, established by the shareholders.
b. The status of the company: This is also typically found in the memorandum of association. It refers to whether the company is public or private.
c. The name clause: This is also typically found in the memorandum of association. It states the name of the company.
d. The subscription clause: This is not typically found in the memorandum of association. It is usually found in the articles of association and it details the subscribers' intention to form a company and become members of that company.
So, the answer to the question "All but one of the following is not a clause to be found in the memorandum of association" is d. The subscription clause.
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