Companies Ordinance 1984 and Articles of Association Quiz for ACMA and CA Studen...
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Questions and Answers

What is the nature of Articles of Association?

  • Mandatory
  • None
  • Optional (correct)
  • Necessary
  • 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?

  • 50%
  • 20%
  • 15% (correct)
  • 10%
  • If a company or undertaking is subsidiary of another, what is it classified as?

    <p>Associated company</p> Signup and view all the answers

    If a person owns or controls shares not less than 10%, what power does the person have?

    <p>Voting power</p> Signup and view all the answers

    What is the minimum percentage of shares that should be directly or indirectly controlled by a person for an associated company?

    <p>10%</p> Signup and view all the answers

    What is the purpose of Articles of Association?

    <p>Both i) &amp; ii)</p> Signup and view all the answers

    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?

    <p>Voting power</p> Signup and view all the answers

    What is the classification of a company or undertaking that is subsidiary of another?

    <p>Private company</p> Signup and view all the answers

    What type of company is a body corporate or corporation?

    <p>Incorporated company</p> Signup and view all the answers

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