[amp_mcq option1=”Memorandum of Association” option2=”Article of association” option3=”Prospectus” option4=”Statement in lieu of prospectus” correct=”option1″]
The correct answer is: A. Memorandum of Association
The Memorandum of Association (MoA) is a legal document that sets out the basic information about a company, such as its name, registered address, and objectives. It also defines the relationship between the company and its shareholders.
The Articles of Association (AoA) is a document that sets out the internal rules and regulations of a company. It covers matters such as the appointment of directors, the holding of meetings, and the distribution of profits.
A prospectus is a document that is used to raise capital for a company. It contains information about the company, its business plan, and its financial projections.
A statement in lieu of prospectus is a document that is used to raise capital for a company that is not required to produce a prospectus. It contains information about the company, its business plan, and its financial projections, but it is not as detailed as a prospectus.
In conclusion, the Memorandum of Association is the document that defines the relationship of the company with the outside world.