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Procedures for Alteration in Memorandum of Association

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Procedures for Alteration in Memorandum of Association

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Questions and Answers

What is the primary role of the articles in a company?

To deal with the financial transactions of the company

To deal with the external business environment of the company

To deal with the rights of the company's stakeholders

To deal with the rights of the members of the company inter se (correct)

Which of the following is not a matter typically covered by the articles?

Issue of preference shares

Directors' appointment and delegation of powers

Transfer and transmission of shares

Appointment of external auditors (correct)

Which of the following is a matter typically covered by the articles?

Human resource policies

External business partnerships

General meetings (correct)

Marketing strategies

What is the role of annual general meetings in a company?

To approve the company's financial statements Signup and view all the answers

Which of the following is not a typical agenda item in annual general meetings?

Approval of marketing strategies Signup and view all the answers

What is the role of the auditors in annual general meetings?

To present the financial statements of the company Signup and view all the answers

Which of the following is not a requirement for holding annual general meetings?

All shareholders must be present Signup and view all the answers

What is the role of directors in annual general meetings?

To prepare the financial statements of the company Signup and view all the answers

Which of the following is not a typical outcome of annual general meetings?

Approval of marketing budget Signup and view all the answers

What is the role of shareholders in annual general meetings?

To approve the financial statements of the company Signup and view all the answers