FE-1 Company Law Practice Questions - FE-1 Final Examination - First Part Company Law Exam

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Which of the following is a mandatory requirement for a designated activity company (DAC) under the Companies Act 2014 that distinguishes it from an LTD?

It may have only one member It enjoys unlimited corporate capacity It is prohibited from having a company secretary It must have an objects clause in its constitution

Correct Answer:

It must have an objects clause in its constitution

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