Dear Students...
MGT401 GDB solution By Moosa....
The memorandum of association of a company, often simply called the memorandum (and then often capitalized as an abbreviation for the official name, which is a proper noun and usually includes other words), is the document that governs the relationship between the company and the outside
Ultra Wires
A legal term literally meaning "beyond power." The acts of a corporation are "ultra vires" when they are beyond the power of the corporation as regulated by the state in which the corporation is chartered.
The violation that company had made according to companies ordinance 1984 is that ABC (Pvt) Ltd offered vault service to their clients which were not match the objectives of the company enlisted in MOA at the time of establishment. That violates the section 16(a) of the companies' ordinance 1984
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█▓▒░ Hafiz Salman Majeed░▒▓█
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| MBA -III (Finance Group) |
LAHORE
اللہ آپ کو آسانیاں عطا فرمائے۔
جزاكم الله خيرا وأحسن الجزاء في الدنيا والأخرة
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