CAF-4 · Chapter 17 · Question 1 of 12
Under the Companies Act, 2017, in which specific document is the 'principal line of business clause' required to be stated?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The Memorandum of Association
Explanation
The principal line of business clause is a mandatory part and parcel of the Memorandum of Association.
More Memorandum and articles MCQs
- Q3Which clause of the memorandum of association CANNOT be altered during the lifetime of the company?
- Q4When a company changes the situation of its registered office, what is the required time frame to notify the registrar?
- Q5If a member requests a copy of the memorandum and articles of the company and pays the prescribed fee, within what time period must the…
- Q6Whenever an alteration is made to the memorandum or articles of a company, what must the company ensure regarding future copies issued?
- Q7The promoters of Zenith Traders submitted an application to the registrar for the reservation of their proposed company name. The…
