Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Planning

Question:
The scope a company is determined by certain documents as any work done beyond what is stated in these documents can lead to winding up of the process of the company. Identify these 'documents' referred to in the above statement.
Options:
The Indian Companies Act , Memorandum of Association and Articles of Association
Memorandum of Association and Articles of Association
The Indian Companies Act and Articles of Association
The Indian Companies Act and Memorandum of Association
Correct Answer:
The Indian Companies Act , Memorandum of Association and Articles of Association
Explanation:
The scope of a company is determined by: a) The Indian Companies Act b) Memorandum of Association c) Articles of Association. Any work done beyond what is stated in these documents can lead to winding up of the process of the company.