NCERT · Class 11 · Business Studies · Forms of Business OrganisationsWhich document is called the 'Charter of the Company'?
Step-by-Step Solution
Memorandum of Association is known as the charter of the company as it defines the objectives, scope, and powers of the company.
Detailed Options Breakdown
Option : Articles of Association
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
Option 1: Prospectus
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
Option 2: Memorandum of Association (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Certificate of Incorporation
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
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