The charter of a company which defines the limitations and powers of the company is called

The charter of a company which defines the limitations and powers of the company is called Correct Answer Memorandum of Association

The memorandum of association of a company is the charter and defines the limitation of the power of the company established under Companies Act. Memorandum of Association is the most important document of a company. It states the objects for which the company is formed. It contains the rights, privileges and powers of the company. Hence it is called a charter of the company. It is treated as the constitution of the company. It determines the relationship between the company and the outsiders.
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Related Questions

A travel company wants to charter to plane to the Bahamas. Chartering the plane costs $ 8,000 . So far 18 people have signed up for the trip. If the company charges $300 per ticket , how many more passengers must sing up for the trip before the company can make any profit on the charter ?
A travel company wants to charter to plane to the Bahamas. Chartering the plane costs $8,000. So far 18 people have signed up for the trip. If the company charges $300 per ticket, how many more passengers must sign up for the trip before the company can make any profit on the charter?
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