6 Clauses of the Memorandum of Association Under Section 13 of Companies Act
Memorandum of association must have the following clauses: 1. Name Clause: A Company is a legal entity. So, it must have a name to establish its identity. Name Clause in the Memorandum of Association confers protection against subsequent company registration in the same or closely similar name. It secures to the company de facto monopoly of corporate trading under a particular name. A company may have any name except: ADVERTISEMENTS: (a) A name which is identical with or which closely resembles the name of another company so as to deceive or mislead the prospective customer of one, trading with the other.(b) A name, which in the opinion of the Central Government is undesirable or will mislead the public and its use has been, therefore, prohibited by the Government under the…