State whether the following statements are True or False:

i. A Memorandum of Association and Articles of Association are prepared at the time of incorporation of a company.

ii. Memorandum of Association describes the nature and character of the company.

iii. Memorandum establishes the relationship between Company and Members.

iv. Any act done by the company beyond the Powers of Memorandum is Ultra-Vires.

v. Articles of Association can have provisions that contradict the Memorandum.


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i. True

ii. True

iii. False

iv. True

v. False

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