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 Which of the following is true of model articles of association? 

A

 Model articles of association describe how the company is to be managed and administered 

B

 A company must only use the model articles of association that is relevant to its type of company 

C

 The content of model articles of association cannot be amended by the members 

 Which of the following is NOT something that would be found within model articles of association? 

A

 Clauses relating to the rights of members 

B

 Clauses relating to the transfer of shares 

C

 Clauses relating to the mission statement of the company 

 Which of the following statements regarding changing a company's articles of association is correct? 

A

 A company may only change its articles once in a financial year 

B

 A company requires a special or written resolution with a 75% majority to change its articles 

C

 A company must send copies of the amended articles to the Registrar of Companies within 28 days of the amendment taking place 

 Which of the following changes to a company's articles of association is void? 

A

 Changes that allow a member additional votes so that they may block company resolutions on certain issues 

B

 Changes that restrict the objects of the company 

C

 Changes that conflict with the Companies Act 

 Which of the following is a correct rule concerning company names? 

A

 A company may be required to change its name if it is deemed offensive by the Secretary of State 

B

 A company may not set its own rules for changing its name 

C

 A company may not have a name that suggests a connection with the Government 

 Are companies permitted to change their names and domiciles? 

A

 A company may change its name but not its domicile 

B

 A company may change its domicile but not its name 

C

 A company may change its name and its domicile 

 Which of the following parties is contractually bound by a company's constitution? 

A

 The company 

B

 Members in a capacity other than as a member 

C

 Company directors 

D

 Third parties with a business relationship with the company 

 A company may have restricted objects and therefore it may not be permitted to enter into certain contracts.  

Which of the following statements describes the position of third parties whose contract with a company is outside the scope of its objects? 

A

 The contract will not be a valid one 

B

 The company is required to ratify the contract for it to be binding on it 

C

 The contract will be binding on the company and the third party 

D

 The contract is voidable at the instance of the company 

Which TWO of the following are included in the content of a company's model articles of association? 

(1) Payment of dividends  

(2) Payment of charitable donations  

(3) Formation of a remuneration committee  

(4) Appointment of directors 

A

 1 and 2 

B

 1 and 4 

C

2 and 3 

D

 2 and 4 

 Which of the following is true regarding the content of model articles of association? 

A

The content of model articles of association is the same for all types of company 

B

 The content of model articles of association includes clauses relating to the remuneration of employees 

C

 The content of model articles of association includes clauses relating to the ethical treatment of suppliers 

D

 The content of model articles of association includes clauses relating to communication with members