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

Memorandum of Association
Articles of Association
Statutory Report
Certificate of Commencement
✅ The correct answer is A.
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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