10 Questions
What is the nature of Articles of Association?
Optional
For what purpose are Articles of Association used?
Internal 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?
15%
If a company or undertaking is subsidiary of another, what is it classified as?
Associated company
If a person owns or controls shares not less than 10%, what power does the person have?
Voting power
What is the minimum percentage of shares that should be directly or indirectly controlled by a person for an associated company?
10%
What is the purpose of Articles of Association?
Both i) & ii)
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?
Voting power
What is the classification of a company or undertaking that is subsidiary of another?
Private company
What type of company is a body corporate or corporation?
Incorporated company
Test your knowledge of Companies Ordinance 1984 and corporate law with this multiple-choice quiz designed for ACMA (ICMAP) and CA students. The quiz includes questions on articles of association, covering their necessity, purpose, and application in company affairs. Get ready to assess your understanding of this fundamental aspect of company law.
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