The correct answer is: A. 6
The Memorandum of Association (MoA) is a document that sets out the basic information about a company, such as its name, registered office, and objectives. It is a legally
binding document, and any changes to it must be approved by the shareholders.The MoA must contain at least the following clauses:
- The name of the company.
- The registered office of the company.
- The objects of the company.
- The liability of the members of the company.
- The number of shares that the company is authorized to issue.
- The names of the first directors of the company.
In addition to these mandatory clauses, the MoA may also contain other clauses, such as the company’s capital structure, its dividend policy, and its voting rights.
The MoA is an important document for any company, as it sets out the basic rules by which the company will be governed. It is important to ensure that the MoA is drafted carefully and accurately, as any errors or omissions could have serious consequences for the company.
Here is a brief explanation of each option:
- Option A (6) is the correct answer. The MoA must contain at least 6 clauses.
- Option B (5) is incorrect. The MoA must contain at least 6 clauses, not 5.
- Option C (4) is incorrect. The MoA must contain at least 6 clauses, not 4.
- Option D (3) is incorrect. The MoA must contain at least 6 clauses, not 3.