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Questions and Answers
What is the nature of Articles of Association?
What is the nature of Articles of Association?
- Mandatory
- None
- Optional (correct)
- Necessary
For what purpose are Articles of Association used?
For what purpose are Articles of Association used?
- Both i) & ii)
- Internal affairs of a company (correct)
- Public company
- External affairs of a company
What is the minimum percentage of shares required to be directly or indirectly controlled by a person for an associated company?
What is the minimum percentage of shares required to be directly or indirectly controlled by a person for an associated company?
- 50%
- 20%
- 15% (correct)
- 10%
If a company or undertaking is subsidiary of another, what is it classified as?
If a company or undertaking is subsidiary of another, what is it classified as?
If a person owns or controls shares not less than 10%, what power does the person have?
If a person owns or controls shares not less than 10%, what power does the person have?
What is the minimum percentage of shares that should be directly or indirectly controlled by a person for an associated company?
What is the minimum percentage of shares that should be directly or indirectly controlled by a person for an associated company?
What is the purpose of Articles of Association?
What is the purpose of Articles of Association?
If a person is the owner of or director in a company, or controls shares not less than 10%, what power does the person have?
If a person is the owner of or director in a company, or controls shares not less than 10%, what power does the person have?
What is the classification of a company or undertaking that is subsidiary of another?
What is the classification of a company or undertaking that is subsidiary of another?
What type of company is a body corporate or corporation?
What type of company is a body corporate or corporation?
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