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Which clause of the memorandum defines the purpose for which the company is formed?
AObjects clause
BObjects charter
CObjects annexe
DObjects receipt
Answer & Solution
Correct answer: A. Objects clause
1. Activities beyond it are not permitted.
2. It is the most important clause.
3. It is the objects clause.
_Source: NCERT Class 11 Business Studies, Chapter 7, Formation of a Company._
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