WorksheetsUnit 1 Quiz
Total questions: 8
Worksheet time: 8mins
Which type of company faces stricter and more elaborate statutory requirements for registration, administration, financial reporting, and audit?
Private limited companies
Public limited companies
Sole proprietorships
Partnerships
According to the Companies Act 2006, what must the Registrar of Companies maintain?
Annual returns and accounts submitted by registered companies
Employee training records
Company marketing budgets
International trade agreements
Which of the following is NOT listed as a required registration document for company registration in the UK?
Memorandum of Association
Application form (Form IN01)
Statement of compliance
Annual Report
A company’s formal existence begins from which date?
The date of the certificate of incorporation
The date the Memorandum of Association is signed
The date the first director is appointed
The date the Articles of Association are written
According to the information, what must each subscriber agree to when signing the Memorandum of Association?
To become a director of the company
To take at least one share and become a member
To provide a business plan
To set the company’s objectives
Since 2006, what change has occurred regarding the objectives in the Memorandum of Association?
The objectives must be detailed and specific
The Memorandum must include the objectives of the company
The Memorandum no longer has to set out the objective of the company
The objectives must be approved by the government
Why might the Memorandum of Association be considered less important for setting company objectives after 2006?
Because company objectives are now set by the government
Because the Memorandum no longer has to include the objectives
Because objectives are included in the Articles of Association
Because objectives are not required for company formation
What does the Statement of Compliance confirm in the process of company registration?
That the registration procedure has been carried out in accordance with Companies Act 2006
That the company has paid all its taxes
That the company has a physical office
That the company has more than 100 employees
