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 Form 2 Business Studies: Forms of business units lessons

Clauses found in the memorandum of association:

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Answer Text:
Clauses found in the memorandum of association:
1.The name clause-provides name of the company ending with the word ‘Limited’
2.The objects clause-spells out the aims and goals which the company was formed to carry out.
3.The capital clause-specifies the capital of the company
4.The liability clause-specifies that the liability of shareholders is limited.
5.The situation clause-states the physical location of the company
6.The declaration clause- expresses the desire of the promoters to form a company


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