Formation and classification of companies - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 11:

• JAMB 2008

Give:
1. Ascertainment of the particulars of the proposed company
II. Preparation of the incorporation documents
III. Filling of the documents
IV. Registration of the company
From the information above, the stages involved in the formation of a company are

A. I, II and III
B. I, II, III and IV
C. I,IIand IV
D. II, III and IV

Question 12:

• JAMB 2011

The founders of a company are?

A. Promoters
B. Shareholders
C. Canvassers
D. Stakeholders

Question 13:

• JAMB 2012

Given:
1. The Memorandum of Association of the Company
11.The Article of Association of the Company
111. The Incorporation documents
From the above, which of the following is delivered to the Registrar of companies for incorporation

A. 1 and 11
B. 1, 11 and 111
C. 1 and 111
D. 11 and 111

Question 14:

• JAMB 2014

The details of the share capital which a company is authorized to issue is contained in the

A. Articles of Association
B. Companies and Allied Matters Act
C. Memorandum of Association
D. Share capitak certificate

Question 15:

• JAMB 2015

One of the items listed below will not be found in a company’s memorandum and article of association. Which is it?

A. Objects and their alteration
B. Location of business
C. Bank signatories
D. Powers of directors