Memorandum of Association — SPCC STD 11 Commerce — Question

Capital Clause:
(1) Capital clause is compulsory in the case of a limited company.
(2) The company limited by shares must state in its capital clause the amount of capital, the number of shares into which it is divided and the amount of each share.
(3) In company Limited by guarantee the amount up to which each member undertakes to contribute at the time of winding up should be sRecified. If it also has share capital, the capital clause of such company has two clauses.
(1) One relating to the guarantee
(2) Another relating to share capital.
(4) In case of ‘One person company’ The name of the person who i the event by death of the subscriber shall become the member of the company must be written.