ICA (Ghana) – Page 6

BCL – L1 – SA – Q72 – Types of Capital

Definition of a company’s share capital.

Question

What is the meaning of the Share capital of a company?

A equity share capital

B preference share capital

C equity and preference share capital

D equity and preference share capital and debentures

Answer

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Tags: Company Law, Equity shares, Preference Shares, Share Capital
Level: Level 1

Topic: Types of capital and the financing of companies

BCL – L1 – SA – Q71 – Types of Capital

Timeframe for receiving minimum subscription.

Question

The least subscription is to be received within how many days of the offer.

A 90

B 80

C 120

D 160

Answer

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Tags: Company Law, Offer Period, Share Subscription
Level: Level 1

Topic: Types of capital and the financing of companies

BCL – L1 – SA – Q70 – Company Directors

Action outside the board of directors’ powers.

Question

Which is outside the powers of the board of directors?

A To issue debentures

B To make loans

C To remit the payment of any debt due by a director

D to issue prospectus

Answer

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Tags: Board Powers, Company Law, Debentures, Prospectus
Level: Level 1

Topic: Company directors and other officers

BCL – L1 – SA – Q69 – Company Directors

Company Law, Director Election, General Meeting, Resolution

Question

The election for directors is held in a general meeting through a separated Resolution passed by which of the given majority.

A single

B two-thirds

C three-fourths

D five-sixths

Answer

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Tags: Company Law, Director Election, General Meeting, Resolution
Level: Level 1

Topic: Company directors and other officers

BCL – L1 – SA – Q68 – Alternative Forms

Document containing company’s internal management rules.

Question

The policies and rules for the internal management of a company are contained in which of the following?

A prospectus

B annual report

C memorandum of association

D articles of association

Answer

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Tags: Articles of Association, Company Law, Internal Management
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q67 – Alternative Forms

Most significant document of a company.

Question

Which of the following is the most significant document of a company?

A prospectus

B annual report

C memorandum of association

D articles of association

Answer

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Tags: Company constitution, Company Law, Memorandum of Association
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q66 – Types of Capital

How a share certificate binds a company.

Question

A share certificate once issued by the company binds it in two ways, namely by estoppel as to payment. and by estoppel as to?

A title

B profit

C dividend

D none

Answer

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Tags: Company Law, Estoppel, Share Certificate
Level: Level 1

Topic: Types of capital and the financing of companies

BCL – L1 – SA – Q65 – Alternative Forms

Resolution needed to convert a private company to public.

Question

The private company needs conversion of a public company into which of the following?

A an ordinary resolution

B a specific and special resolution

C a specific and special resolution and union governments approval

D a specific and special resolution and company law board approval

Answer

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Tags: Company Law, Private to Public Conversion, Resolutions
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q64 – Types of Capital

When preference capital dividends are paid.

Question

When the dividend on preference capital is paid?

A whenever profits

B only if there are profits

C even if there are no profits

D only when the directors suggest and recommend it

Answer

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Tags: Company Law, Dividend Payment, Preference Shares
Level: Level 1

Topic: Types of capital and the financing of companies

BCL – L1 – SA – Q63 – Company Directors

Conditions for government appointing company directors.

Question

The union government can hire such a number of directors in a company as it may think. Essential.

A at its own initiative

B on the request of at least a hundred members of the company

D on the request of members holding at least 10% voting rights

C any of the above

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Director Appointment, Government Powers
Level: Level 1

Topic: Company directors and other officers

Professional Body (SQ): ICA (Ghana)

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BCL – L1 – SA – Q72 – Types of Capital

Definition of a company’s share capital.

BCL – L1 – SA – Q71 – Types of Capital

Timeframe for receiving minimum subscription.

BCL – L1 – SA – Q70 – Company Directors

Action outside the board of directors’ powers.

BCL – L1 – SA – Q69 – Company Directors

Company Law, Director Election, General Meeting, Resolution

BCL – L1 – SA – Q68 – Alternative Forms

Document containing company’s internal management rules.

BCL – L1 – SA – Q67 – Alternative Forms

Most significant document of a company.

BCL – L1 – SA – Q66 – Types of Capital

How a share certificate binds a company.

BCL – L1 – SA – Q65 – Alternative Forms

Resolution needed to convert a private company to public.

BCL – L1 – SA – Q64 – Types of Capital

When preference capital dividends are paid.

BCL – L1 – SA – Q63 – Company Directors

Conditions for government appointing company directors.

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Professional Body (SQ): ICA (Ghana)

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Definition of a company’s share capital.

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Timeframe for receiving minimum subscription.

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Action outside the board of directors’ powers.

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Company Law, Director Election, General Meeting, Resolution

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Document containing company’s internal management rules.

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Most significant document of a company.

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How a share certificate binds a company.

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Resolution needed to convert a private company to public.

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When preference capital dividends are paid.

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Conditions for government appointing company directors.

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