Company Law Quiz - I

Name

Which of the following is NOT a characteristic of a company?

• a) Perpetual succession
• b) Limited liability
• c) Mutual agency
• d) Separate legal entity

What document is required to incorporate a company and acts as its constitution?

• a) Memorandum of Association
• b) Articles of Association
• c) Shareholders Agreement
• d) Partnership Deed

Which of the following documents invites the public to subscribe for the shares or debentures of a company?

• Memorandum of Association
• Prospectus
• Articles of Association
• Certificate of Incorporation

Which type of company can invite the general public to subscribe to its shares?

• Limited liability partnership.
• Public limited company.
• Private limited company.
• One Person Company.

A company that is controlled by another company is known as a:

• Foreign company.
• Subsidiary company.
• Holding company.
• Associate company.

Which document contains the rules and regulations for the internal management of a company?

• Memorandum of Association.
• Statement in lieu of Prospectus.
• Articles of Association.
• Certificate of Commencement of Business.

The certificate that confirms the legal existence of a company is the:

• Memorandum of Association.
• Articles of Association.
• Certificate of Incorporation.
• Certificate of Commencement of Business.

Which of the following sequences correctly represents the initial basic steps in the formation of a company?

• Capital Subscription, Promotion, Incorporation, Commencement of Business.
• Promotion, Incorporation, Capital Subscription, Commencement of Business.
• Incorporation, Promotion, Commencement of Business, Capital Subscription.
• Commencement of Business, Incorporation, Promotion, Capital Subscription.

What is the primary purpose of the Memorandum of Association of a company?

• To certify the incorporation of the company.
• To regulate the internal affairs and management of the company.
• To define the company's constitution and its relationship with the outside world.
• To invite the public to invest in the company's shares.