State the important features of MOA. – InterviewSolution

InterviewSolution

1.

State the important features of MOA.

Answer»

The important features of MOA:

It is a fundamental document.
It defines the scope of powers of the company.
It is compulsory for every company to frame it.
It is a public document, therefore every person who deals with the company is presumed to have knowledge of its content.
It is formed under the Company Act.

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