Which document records the constitution and external details of a limited company?

Which document records the constitution and external details of a limited company?

• A. Memorandum of Association
• B. Articles of Association
• C. Shareholders Agreement
• D. Business Plan

Answer: (A)

Memorandum of Association is the document that records the fundamental constitution of a limited company and its external details. It sets out the company’s name, registered office, and the scope of its activities (objects) as a legal entity, plus the liability of its members. This makes the company’s basic identity and its outward-facing limits clear to the outside world. The internal rules for running the company are found in the Articles of Association, while a Shareholders Agreement is a private contract between owners, and a Business Plan covers strategy and finance, not legal structure. So, the document that records the constitution and external details is the Memorandum of Association.

Memorandum of Association is the document that records the fundamental constitution of a limited company and its external details. It sets out the company’s name, registered office, and the scope of its activities (objects) as a legal entity, plus the liability of its members. This makes the company’s basic identity and its outward-facing limits clear to the outside world. The internal rules for running the company are found in the Articles of Association, while a Shareholders Agreement is a private contract between owners, and a Business Plan covers strategy and finance, not legal structure. So, the document that records the constitution and external details is the Memorandum of Association.