WAEC Commerce 1996 Question 63

Question 63

Business Units

Which of the following is not included in the Memorandum of Association?

  1. A.Winding up procedure
  2. B.Objectives of the company
  3. C.Address of the registered office
  4. D.Amount of capital
  5. E.Conditions for amendment of the memorandum
Show the answer and explanation

Answer: A (Winding up procedure)

Explanation

The Memorandum states name, office, objects, liability and capital; winding up is covered by the Articles and the law.