Memorandum of association of a firm contains _______.

A. rules regarding the internal management of the company

B. rules regarding the constitution and activities of the company

C. rules regarding the external management

D. rules regarding the constitution

Answer: Option B

Solution(By Examveda Team)

Memorandum of association of a firm contains rules regarding the constitution and activities of the company. Memorandum of Association (MOA) is a legal document which specifies the scope of business activities of the company and information about shareholding of the company. The MoA is a document prepared for the Company registration procedure.