COMPANY LAW

What is a key characteristic of a limited company as depicted in the image?

• Unlimited liability

• Sole proprietorship

• Separate legal entity

• Partnership

Which of the following is NOT a characteristic of limited companies?

• Unlimited liability for directors

• Perpetual succession

• Ownership of property

• Directors as agents

What is the minimum number of directors required for a public limited company (plc)?

• 1 director

• 2 directors

• 3 directors

• 4 directors

According to the Companies Act 2006, what suffix must a public limited company use in its name?

• Inc

• LLC

• plc

• Ltd

What does section 53 of the Companies Act 2006 state about company names?

• They must be unique

• They cannot be offensive or constitute an offence

• They must include the owner's name

• They must be in English

According to s.7 CA 2006, what is required for someone to subscribe their name to the Memorandum of Association?

• At least two people agreeing to form a company

• A single person with a business plan

• One or more persons subscribing their names

• A government official's approval

What is the fee for registering a company online under s.7 CA 2006?

• £12

• £40

• £50

• £30

What does the Memorandum of Association provide according to s.8 CA 2006?

• A detailed business plan and financial forecast

• A historical snapshot of who set up the company at the point of registration

• Future projections and company goals

• Names of all future employees

What must be delivered to the Registrar along with an application for registration of a company according to s.9(1)?

• Articles of Association

• Memorandum of Association (MOA)

• Certificate of Incorporation

• Business Plan

According to s.9(2), what information must be provided about the company's proposed name?

• Its uniqueness

• Its legality

• The country where the registered office will be

• Its length