Business Studies

State the following statement is True or False:
Another name of situation clause is the domicile clauses.


ANSWER

True


SOLUTION
The second clause of the MOA, the 'situation clause' or ‘domicile’ clause specifies the location of the company’s registered office. The domicile clause will not exactly contain the address of the registered office, but the state or union territory in which the registered office of the company is located. Registered office means a place where the common seal, statutory books etc., of the company are kept.The company should intimate the location of registered office to the registrar within thirty days from the date of incorporation or commencement of business.
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TRUE/FALSE Medium Published on 18th 08, 2020
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