Memorandum of Association — SPCC STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceSPCCMemorandum of Association2 Marks
Question
What are the limitations of the object clause ?
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Answer
The limitations of object clause are:
(1) No provision can be made which is against Companies Act.
(2) The object of the company cannot be against public policy or Indian constitution.
(3) The companies object cannot be against general law.
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