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Memorandum of Association — SPCC STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceSPCCMemorandum of Association3 Marks
Question
"Application form is an important document of the company" - Explain.
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Answer

Because this is a basic document that determines the scope of work of the company as well as its relationship with the third party. The application form presents the constitution of the company, which states the name, capital, liabilities, objectives, etc. Therefore, the application form is an important document of the company.

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