Match each company formation document or capital concept in Column A with its corresponding legal definition or function in Column B.
- Memorandum of AssociationDefines the company's external relationship with the public, including its name, registered office, and object clauses.
- Articles of AssociationGoverns internal management, operational regulations, shareholder rights, and duties of directors.
- Authorized Share CapitalRepresents the maximum nominal amount of share capital a company is legally permitted to issue.
- Paid-up CapitalRefers to the total sum of money actually received from shareholders for called-up shares.
Cevap
Memorandum of Association matches the external relationship and object clauses definition; Articles of Association matches internal management and governance rules; Authorized Share Capital matches maximum nominal capital legally permitted; Paid-up Capital matches total money actually received from shareholders.
Memorandum of Association sets out external scope and fundamental constitution (name, object, liability clauses). Articles of Association outline internal administration and management rules. Authorized share capital represents the legal maximum equity ceiling registered with corporate regulators. Paid-up capital represents funds actually transferred by shareholders for issued shares.
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Anahtar Kavram
Legal Characteristics, Formation Documents, and Capital Structure of Private Limited Companies