Tag (SQ): Company constitution

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BCL – L1 – SA – Q67 – Alternative Forms

Most significant document of a company.

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

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BCL – L1 – SA – Q8 – Alternative Forms and Constitutions

Defines memorandum of association.

What is a memorandum of association?

A   A list of company shareholders

B   A document specifying the company’s constitution

C   A financial report

D   An internal company memo

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BCL – L1 – Q71 – Prohibited Share Transactions

State the prohibited transactions in shares under Section 58 of Act 992.

(a). State the various prohibited transactions in shares as provided by section 58 of Act 992.

(b). Under what circumstances will the provision of financial assistance by a company for the purchase of its shares be permitted?

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BCL – L1 – Q60 – Alternative forms and constitutions of business organisations

Explain the difference between private and public companies with examples from Ghana.

(a). Explain the main difference between a private and a public company. Give an example of each from Ghana.

(b). Discuss four duties of a promoter.

(c). Explain six items that must be in the constitution of a company for registration.

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