Company Law – Page 3

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 – Q74 – Alternative Forms

Document not required for public company registration.

Question

Which of the following is the document that need not be ready and registered with the registrar of companies in public limited companies.

A statutory declaration

B memorandum of association

C articles of association

D director’s undertakings to take up and pay for qualification shares

Answer

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Tags: Company Law, Company registration, Public Limited Company
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q73 – Types of Capital

Whether a shareholder can be a debenture holder.

Question

A shareholder in a company can be/can’t be?

A can be its debenture holder

B cannot be its debenture holder

C alone can become its debenture holder

D must also become its debenture holder within a year of being a shareholder

Answer

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Tags: Company Law, Debenture Holders, Shareholders
Level: Level 1

Topic: Types of capital and the financing of companies

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

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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 – Q74 – Alternative Forms

Document not required for public company registration.

BCL – L1 – SA – Q73 – Types of Capital

Whether a shareholder can be a debenture holder.

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.

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Who drafts the articles and memorandum of association.

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Who must audit a company’s accounts.

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Definition of a company as a voluntary association.

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Document not required for public company registration.

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Whether a shareholder can be a debenture holder.

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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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