The correct answer is: B. rules regarding the constitution and activities of the company.
The memorandum of association is a document that sets out the basic information about a company, such as its name, registered office, and objects. It also includes the names and addresses of the company’s directors and shareholders. The memorandum of association is a public document, which means that it is available for anyone to inspect.
The articles of association are a document that sets out the rules and regulations that govern the internal management of a company. It includes details such as the voting rights of shareholders, the appointment and removal of directors, and the procedures for calling and holding meetings. The articles of association are a private document, which means that they are not available for public inspection.
The memorandum of association and the articles of association are both important documents that must be filed with the Registrar of Companies when a company is formed. They are also important documents that should be kept up-to-date, as changes to the company’s constitution or management may require changes to these documents.
Here is a brief explanation of each option:
- A. rules regarding the internal management of the company: This is not correct, as the memorandum of association does not contain rules regarding the internal management of the company. These rules are contained in the articles of association.
- B. rules regarding the constitution and activities of the company: This is the correct answer, as the memorandum of association does contain rules regarding the constitution and activities of the company.
- C. rules regarding the external management of the company: This is not correct, as the memorandum of association does not contain rules regarding the external management of the company. These rules are contained in the articles of association.
- D. rules regarding the constitution: This is not correct, as the memorandum of association does not contain rules regarding the constitution of the company. These rules are contained in the articles of association.