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

Question 16:

• JAMB 2015

The document setting out the regulations regarding shares, meetings and internal organization of a company is known as

A. Prospectus
B. Memorandum of association
C. Company law
D. Articles of association

Question 17:

• JAMB 2021

Given: i. The memorandum of association of the company ii. The article of association of the company iii. The incorporation documents.

From the above, which of the following is delivered to the registrar of companies for incorporation?

A. I, ii and iii
B. I and ii
C. I and iii
D. Ii and iii

Question 18:

• JAMB 2021

The ordinary shareholders enjoy the following right except the right to

A. Receive dividends at a predetermined rate
B. Vote at annual general meetings
C. Elect the board of directors
D. Participate in additional issues of shares