A private company:
A. Has to register its Articles of Association
B. Cannot register its Articles of Association
C. Does not have any Articles of Association
D. May or may not have its own Articles of Association
Answer: Option A
Solution (By Examveda Team)
A private company must register its Articles of Association.Articles of Association is a vital document for a private company, detailing the regulations for a company's operations and defining its purpose.
The Companies Act mandates that a private company is required to register its Articles of Association along with the Memorandum of Association at the time of incorporation.
Failure to register the Articles of Association would mean that the company does not have a formal set of rules governing its internal management.
Therefore, registering the Articles of Association is a legal necessity for a private company to be formally recognized and to operate lawfully.
This Question Belongs to Commerce >> Legal Aspects Of Business
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