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BCL – L1 – SA – Q85 – Company Meetings

Number of votes a company chairman has.

Question

The chairman of the company has vote.

A 1

B 3

C 2

D None of these.

Answer

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Tags: Chairman Voting, Company Law, Meeting Governance
Level: Level 1

Topic: Company meetings and resolutions

BCL – L1 – SA – Q84 – Company Meetings

Timing of the first annual general meeting.

Question

The first annual general meeting of the company must be held within

A 6 months of incorporation

B 6 months from the date at which the company’s entitled to start its business

C 18 months from the date at which the company is entitled to start its business

D 18 months of incorporation

Answer

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Tags: Annual General Meeting, Company Law, Timing
Level: Level 1

Topic: Company meetings and resolutions

BCL – L1 – SA – Q83 – Company Directors

Effect of a director’s absence from board meetings.

Question

When a director voluntarily remains absent from the three consecutive meetings of the Board of Directors, and

A He became liable to be punished with @ GH$500 for every default

B He is disqualified for becoming a director of any company

C His office falls vacant.

D None of the above

Answer

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Tags: Company Law, Director Absence, Vacancy
Level: Level 1

Topic: Company directors and other officers

BCL – L1 – SA – Q82 – Company Directors

Type of shares held by managing directors.

Question

The managing directors hold the shares of the company.

A Deemed

B Equity

C Qualification

D Preference

Answer

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Tags: Company Law, Managing Director, Qualification Shares
Level: Level 1

Topic: Company directors and other officers

BCL – L1 – SA – Q81 – Company Directors

Who has control over a company’s affairs.

Question

A may be defined as a person having control over the affairs, conduct and management of a company.

A Shareholders

B Director

C Body Corporate

D Member

Answer

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Tags: Company Law, Director Role, Management Control
Level: Level 1

Topic: Company directors and other officers

BCL – L1 – SA – Q80 – Company Directors

Powers delegated by the board of directors.

Question

The board of directors delegate the power to

A Issue debentures

B Issue of shares

C Invest the fund

D Make loans

Answer

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Tags: Board Powers, Company Law, Delegation
Level: Level 1

Topic: Company directors and other officers

BCL – L1 – SA – Q79 – Alternative Forms

Who drafts the articles and memorandum of association.

Question

The articles of Association and the memorandum of Association are drafted by

A Auditor

B Director

C Secretary

D Register

Answer

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Tags: Articles of Association, Company Law, Memorandum Drafting
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q78 – Accounts and Audit

Who must audit a company’s accounts.

Question

Accounts of a company must be audited by an

A Chartered Accountant

B Auditor

C Board of Directors

D All of these

Answer

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Tags: Audit, Auditor Qualifications, Company Law
Level: Level 1

Topic: Accounts and Audit

BCL – L1 – SA – Q77 – Alternative Forms

Definition of a company as a voluntary association.

Question

is a voluntary association of persons formed to carry on some business for profit or to promote art, science, education or some charitable purpose.

A Incorporation

B Private company

C Company

D Public company

Answer

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Tags: Company Definition, Company Law, Voluntary Association
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q76 – Contract Law

Rights of a joint promisor who pays the full amount.

Question

A, B and C jointly promised to pay GH $60000 to D. A was compelled by D to pay the entire amount of GH $.60000$. Here

A A can file a suit against D for recovery of the amount exceeding his share

B A is entitled to recover Rs. 20000 each from B and C

C On payment by A, the contract is discharged, and B and C are also not liable to A

D D is not justified here and is liable to refund the entire amount to A

Answer

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Tags: Contract Law, Contribution, Discharge, Joint Promise
Level: Level 1

Topic: Contract Law

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BCL – L1 – SA – Q85 – Company Meetings

Number of votes a company chairman has.

BCL – L1 – SA – Q84 – Company Meetings

Timing of the first annual general meeting.

BCL – L1 – SA – Q83 – Company Directors

Effect of a director’s absence from board meetings.

BCL – L1 – SA – Q82 – Company Directors

Type of shares held by managing directors.

BCL – L1 – SA – Q81 – Company Directors

Who has control over a company’s affairs.

BCL – L1 – SA – Q80 – Company Directors

Powers delegated by the board of directors.

BCL – L1 – SA – Q79 – Alternative Forms

Who drafts the articles and memorandum of association.

BCL – L1 – SA – Q78 – Accounts and Audit

Who must audit a company’s accounts.

BCL – L1 – SA – Q77 – Alternative Forms

Definition of a company as a voluntary association.

BCL – L1 – SA – Q76 – Contract Law

Rights of a joint promisor who pays the full amount.

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Number of votes a company chairman has.

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Timing of the first annual general meeting.

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Effect of a director’s absence from board meetings.

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