Company Law – Page 4

BCL – L1 – SA – Q67 – Alternative Forms

Most significant document of a company.

Question

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

Answer

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Tags: Company constitution, Company Law, Memorandum of Association
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q66 – Types of Capital

How a share certificate binds a company.

Question

A share certificate once issued by the company binds it in two ways, namely by estoppel as to payment. and by estoppel as to?

A title

B profit

C dividend

D none

Answer

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Tags: Company Law, Estoppel, Share Certificate
Level: Level 1

Topic: Types of capital and the financing of companies

BCL – L1 – SA – Q65 – Alternative Forms

Resolution needed to convert a private company to public.

Question

The private company needs conversion of a public company into which of the following?

A an ordinary resolution

B a specific and special resolution

C a specific and special resolution and union governments approval

D a specific and special resolution and company law board approval

Answer

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Tags: Company Law, Private to Public Conversion, Resolutions
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q64 – Types of Capital

When preference capital dividends are paid.

Question

When the dividend on preference capital is paid?

A whenever profits

B only if there are profits

C even if there are no profits

D only when the directors suggest and recommend it

Answer

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Tags: Company Law, Dividend Payment, Preference Shares
Level: Level 1

Topic: Types of capital and the financing of companies

BCL – L1 – SA – Q63 – Company Directors

Conditions for government appointing company directors.

Question

The union government can hire such a number of directors in a company as it may think. Essential.

A at its own initiative

B on the request of at least a hundred members of the company

D on the request of members holding at least 10% voting rights

C any of the above

Answer

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Tags: Company Law, Director Appointment, Government Powers
Level: Level 1

Topic: Company directors and other officers

BCL – L1 – SA – Q62 – Alternative Forms

Meaning of the doctrine of corporate personality.

Question

Which of the following is the meaning of “doctrine of corporate personality”?

A A company is a sole trader

B A company is a Partnerships

C A company is a legal person.

D A company means its owners

E None of these

Answer

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Tags: Company Law, Corporate Personality, Legal Person
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q61 – Alternative Forms

Maximum members in a private company.

Question

According to Corporate Law, what is the highest number of members of a Private Company (excluding companies with single member)?

A 32

B 30

C 50

D All of these

E None of these

Answer

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Tags: Company Law, Membership Limits, Private Company
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q60 – Types of Capital

Meaning of "limited" in a company name.

Question

The word “limited” in a company name can point to the fact of limited

A assets

B liability

C profit

D business

E All of these

Answer

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Tags: Company Law, Company Name, Limited liability
Level: Level 1

Topic: Types of capital and the financing of companies

BCL – L1 – SA – Q59 – Types of Capital

What represents a company's capital.

Question

The capital of a company is represented by which of the following?

A shares

B properties

C balance sheet

D profit

E All of these

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 – Q108 – Governance and ethical issues relating to business

How company law ensures corporate transparency and disclosure to protect stakeholders.

Question

How does company law address issues of corporate transparency and disclosure to protect the interests of stakeholders?

Answer

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Tags: Company Law, Corporate Governance, Corporate transparency, Disclosure, Stakeholder protection
Level: Level 1

Topic: Governance and ethical issues relating to business

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BCL – L1 – SA – Q67 – Alternative Forms

Most significant document of a company.

BCL – L1 – SA – Q66 – Types of Capital

How a share certificate binds a company.

BCL – L1 – SA – Q65 – Alternative Forms

Resolution needed to convert a private company to public.

BCL – L1 – SA – Q64 – Types of Capital

When preference capital dividends are paid.

BCL – L1 – SA – Q63 – Company Directors

Conditions for government appointing company directors.

BCL – L1 – SA – Q62 – Alternative Forms

Meaning of the doctrine of corporate personality.

BCL – L1 – SA – Q61 – Alternative Forms

Maximum members in a private company.

BCL – L1 – SA – Q60 – Types of Capital

Meaning of "limited" in a company name.

BCL – L1 – SA – Q59 – Types of Capital

What represents a company's capital.

BCL – L1 – Q108 – Governance and ethical issues relating to business

How company law ensures corporate transparency and disclosure to protect stakeholders.

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Tag (SQ): Company Law

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Most significant document of a company.

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How a share certificate binds a company.

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Resolution needed to convert a private company to public.

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When preference capital dividends are paid.

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Conditions for government appointing company directors.

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Meaning of the doctrine of corporate personality.

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Maximum members in a private company.

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Meaning of "limited" in a company name.

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What represents a company's capital.

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How company law ensures corporate transparency and disclosure to protect stakeholders.

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