Match each company formation document or capital concept of a private limited company in Column A with its correct legal definition or statutory function in Column B.
- Memorandum of AssociationDefines the company's external relationship, objects clause, and registered office location.
- Articles of AssociationRegulates internal management procedures, directors' powers, and share transfer restrictions.
- Authorized Share CapitalThe maximum nominal amount of share capital a company is legally registered to issue.
- Paid-up CapitalThe total amount received by the company from shareholders for the shares issued and called up.
Cevap
Memorandum of Association matches with external relationship/objects clause; Articles of Association matches with internal management/share transfer rules; Authorized Share Capital matches with maximum registered nominal capital; Paid-up Capital matches with total amount received from shareholders for issued/called-up shares.
Each legal term is matched to its precise statutory function under corporate law: the Memorandum defines external powers and registered objects, the Articles govern internal administration and share transfer restrictions, Authorized Capital sets the statutory ceiling on share issuance, and Paid-up Capital is the actual money received from shareholders.
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Anahtar Kavram
Formation Documents and Capital Structure of Private Limited Companies