- 1 Marks
Question
A company can issue classes of shares only if authorised by its ___________.
Answer
Articles of Association
Explanation:
The correct answer is Articles of Association because the Articles serve as the company’s constitution and outline the regulations governing the issuance of shares, including any classes of shares.
- Tags: Company Shares, Corporate Governance, Issuance
- Level: Level 1
- Topic: Company Law
- Series: MAY 2013
- Uploader: Theophilus