CAF-4 · Chapter 17 · Question 8 of 12
Which of the following clauses in a company's Memorandum of Association CANNOT be altered during the entire lifetime of the company?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) The Subscription Clause
Explanation
While capital, registered office, and business clauses can be altered by following proper legal procedures (special resolutions), the subscription clause cannot be altered during the lifetime of the company.
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