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WorksheetsLAW225: FINAL Chapter 6
Total questions: 9
Worksheet time: 2hrs 15mins
Who is liable for the fiances and activities of a corporation
Shareholders
Owners
Promoters
Corporation
Which of the following is the best description for a corporation
Holding Company that has the right to appoint/remove majority of the board
Large company or group of companies with subsidiary companies
Large company or group of companies acting as a single entity separate from members
Large company or group of companies operating internationally
The person who originated the idea and use own resources for the formation of the company is
Stakeholder
Shareholder
Promoter
Investor
In a public joint company the minimum no. of promoter are
2-200
5
5-500
1
In a private joint company the minimum no. of promoter are
2-200
5
5-500
1
In a private joint company the minimum capital required is
50M
30M
5M
1M
In a public joint company the minimum capital required is
50M
30M
5M
1M
The root document containing all basic details about the company
MOA
AOA
Trade License
All of the above
Hessa wants to revise the rules and regulations of the company to properly fire a member, where would she find this
MOA
AOA
Trade License
Online in HR Websites
