companies act for incorporation of certificiates 6.2.2013

3.A certificate of incorporation is issued when the proper documents for company formation have been filed.

• True

• False

2.Company members are generally not personally responsible for the money owed by the company.

• True

• False

Ability to pay debts and financial obligations

• discount

• output

• liquidity

• solvency

4.The memorandum of association of a company contains regulations relating to the internal affairs of a company.

• True

• False

A government authorithy issues a (a)   to certify that a company legally exists .

The ..............'s report informed shareholders some irregularities found on the company accounts.

• Liquidator

• Proxy

• shareholder

• Auditor

A __________ is a company that has full legal rights and responsibilities according to the law.

• firm

• partnership

• legal person

• business