n NISM Certifications
V-A NISM Series V-A
Medium

The main document which authorizes a company to invest in a particular Mutual Fund scheme is __________.

Practice question from NISM Series V A - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The Articles of Association

  2. B

    The Memorandum of Association

  3. C

    Shareholder Resolution

  4. Specific Board Resolution

    Correct answer

Why this is the answer

A Specific Board Resolution authorizes a company to make investments in particular mutual fund schemes. It reflects the decision made by the company's board of directors.

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