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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

Companies proposed to be established for the purpose of promotion of commerce, art, science, sport, research, social welfare, religion, chaizity etc. having no motive to distribute the profit in the form of dividend are exempted from adding the words ‘limited’ or ‘private limited’.

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