A group of business associates are about to register X Ltd as a company limited...

Vendor: CIMA
Product: BA4
Update on: Jan 31, 2026
Questions: 661

CIMA BA4 Question Answer

A group of business associates are about to register X Ltd as a company limited by shares. The associates wish to restrict the company's objects so that the company is only authorized to carry on the business of retailing computer hardware and software. Which of the following is correct?

The restriction should be stated in the company's articles of association

The restriction should be stated in the company's memorandum of association

The restriction should be stated in the application to register a company (form IN01)

No restriction is possible as all company's now have unlimited objects