CUET CUET Accountancy 2024 - A company can accept calls in advance, if authorised by: | PYQs + Solutions

CUET Accountancy 2024

Accountancy

Accounting for Share Capital

Easy

A company can accept calls in advance, if authorised by:

Shareholders

Board of Directors

Articles of Association

Memorandum of Association

Correct Option: 3

A company can accept calls in advance if it is allowed by its rules.

These rules are found in the Articles of Association.

The Articles of Association outline how the company operates and what it can do.

Other options like shareholders, Board of Directors, and Memorandum of Association do not specifically give this authority.

So, the correct answer is option 3: Articles of Association.