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CSEET · Business Laws and Management · Elements of Company Law

Match the Producer Company provisions with the documents. P: Name ending with 'Producer Company Limited'. Q: Mutual assistance principles. R: Procedure for transfer of shares. S: Statement that liability of members is limited. Which option correctly places them in the memorandum (M) or articles (A)?

The correct placement is name in the memorandum, mutual assistance principles in the articles, share transfer procedure in the articles, and limited liability in the memorandum. The Act requires the memorandum to state name and limited liability, while the articles carry principles and transfer terms.

  1. AP-M, Q-A, R-A, S-MCorrect
  2. BP-A, Q-A, R-M, S-M
  3. CP-M, Q-M, R-A, S-A
  4. DP-A, Q-M, R-M, S-A

Explanation

The memorandum of a Producer Company states the name ending with 'Producer Company Limited' and that members' liability is limited. The articles contain the mutual assistance principles and the terms and procedure for transfer of shares. Hence P-M, Q-A, R-A, S-M.

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