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

Explanation:
The correct answer is D because the articles of association outline the rules and policies for a company’s internal management, such as director powers and shareholder meetings. The prospectus (A) is for investors, the annual report (B) summarizes performance, and the memorandum (C) defines the company’s external scope, not internal rules.

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

Topic: Alternative forms and constitutions of business organisations

Uploader: Samuel Duah