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State the important features of MOA.

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State the important features of MOA.

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The important features of MOA:

  • It is a fundamental document. 
  • It defines the scope of powers of the company. 
  • It is compulsory for every company to frame it. 
  • It is a public document, therefore every person who deals with the company is presumed to have knowledge of its content. 
  • It is formed under the Company Act.
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