Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:

A company is created by law and exists as a person having a distinct personality of its own. The scope of this artificial person is determined by certain parameters. Any work done beyond these documents can lead to winding up of the process of the company. Identify the document that does not determine the scope of the company?

Options:

The Indian Company Act

Partnership Deed

Memorandum of Association

Articles of Association

Correct Answer:

Partnership Deed

Explanation:

The correct answer is Option (2) → Partnership Deed