MEMORANDUM OF ASSOCIATION
As we all know, Company is an artificial person. In the eyes of law, it is just like a natural person, which can sue or can be sued. It can be holder of property, intellectual rights etc. Even a company can be a member of another company. This artificial person is governed by Companies Act, 2013.
But this artificial person does not have artificial intelligence. It is just a vehicle to carry on business which is governed by rules, instructions, regulations etc. These rules/instructions may come from Natural Persons i.e. Directors or set of pre-defined rules in some written form.
Memorandum of Association is the constitution of the company. It is the charter of this artificial person. Memorandum contains various important facts about the Company.
Here is a quiz to test your knowledge on Memorandum of Association popularly known as Memorandum.
Capital Market Instruments
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- Question 1 of 10
First Credit rating agency in world was formed inCorrect
First Credit rating agency was set up in 1841 in Newyork which published its first guide in 1859 by Robert Dun.Incorrect
- Question 2 of 10
Credit rating is concerned withCorrect
Credit rating is opinion regarding the relative capability of a corporate entity to service its debt obligations in time with reference to the instrument being ratedIncorrect
- Question 3 of 10
Rating methodilogy for NBFC’s is based onCorrect
Rating methodology for NBFC’s is based on CAMELS model encompassing, Capital adequacy, Asset quality, Management, Earnings, Liquidity and Sensitivity to Market Risk.Incorrect
- Question 4 of 10
First rating agency of India isCorrect
CRISIL was the first rating agency of india incorporated in 1987.Incorrect
- Question 5 of 10
Eligibility to be a credit rating agency isCorrect
SEBI (CREDIT RATING AGENCIES) REGULATIONS, 1999, prescribes various requirement to be a credit rating agencyIncorrect
- Question 6 of 10
Factors considered in rating of manufacturing concerns areCorrect
These are some factors which are considered while rating of a manufacturing concern.Incorrect
- Question 7 of 10
Rating agency in India is monitored byCorrect
Rating agency in India is monitored by SEBI through SEBI (CREDIT RATING AGENCIES) REGULATIONS, 1999.Incorrect
- Question 8 of 10
Promoter of a credit rating agency should be backed byCorrect
As per SEBI (CREDIT RATING AGENCIES) REGULATIONS, 1999, promoter of a credit rating agency should be promoted by any of aboveIncorrect
- Question 9 of 10
In case of issue of equity share, credit rating agency isCorrect
In case of issue of equity share, credit rating agency is optional.Incorrect
- Question 10 of 10
In case of IPO grading, Investment recommendations are expressed byCorrect
In IPO Grading, investment recommendations are expressed as
â€˜buyâ€™, â€˜holdâ€™ or â€˜sellâ€™Incorrect