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Memorandum of Association — SPCC STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceSPCCMemorandum of Association3 Marks
Question
‘Which company is given exemption from using words “Limited” or “Private Limited”?
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Answer

A company set up for arts, science, research, social welfare, religion, charity, etc., does not aim at profit.
Those who do not make a profit and do not distribute dividends are exempted from writing the word "limited" or "private limited".

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