Companies that have implied powers to borrow, even without any specific power to do so in their memorandum or articles are:

Related MCQs

• Any rule in the articles of the association contrary to the memorandum is ____________.
• If no person is named in the articles of association as director, the person who sign the memorandum of association of the company become ____________
• The Memo and Articles are ____________, which may be inspected by anybody at the office of the Registrar of Companies.
• A company can borrow money and if so to what extent, are matters depending upon the interpretation of the two documents which is-
• The _____________is not an employee nor a servant of the company, but a director who is entrusted with any substantial powers of management
• _____________ is a misdemeanor committed by majority shareholders, who under control of their majority power wrongfully inflict upon the minority shareholder or minority shareholders any harm of injury.
• An interim or a final determination of any industrial dispute or of any question relating there to by any Labour Court, Tribunal or National Tribunal is.. .
• The total face value of the shares which the company is authorized to issue by its Memorandum of Association is
• Which of the following clause of Memorandum of Association cannot be altered
• In order to prevent the majority from misusing their power and to ensure justice to minority shareholders, certain exceptions have been admitted. Which of the following is among the exceptions: