Articles of Association - SS2 Accounting Past Questions and Answers - page 1
What are the Articles of Association?
A legal document that outlines the rules and regulations governing the internal management of a company.
A document that specifies the fundamental principles and purpose of a company.
A document that outlines the liabilities of the members of a company.
A document that outlines the powers of the Registrar of Companies.
Which of the following is NOT typically covered in the Articles of Association?
Share capital and shares
Directors and board meetings
Company's financial statements
General meetings
Who is responsible for ensuring that the company complies with legal and regulatory requirements according to the Articles of Association?
The directors
The shareholders
The company secretary
The government
Which section of the Articles of Association outlines the procedure for amending the AOA?
Share Capital and Shares
Directors and Board Meetings
Alteration of Articles
Company Secretary
Who approves any amendments to the Articles of Association?
The company's directors
The Registrar of Companies
The company's members
The government
What information do the Articles of Association typically contain?
The Articles of Association typically contain information about share capital and shares, directors and board meetings, company secretary, dividends and reserves, general meetings, and alteration of articles.
Why is the Articles of Association an important document for a company?
The Articles of Association is an important document as it outlines the rules and regulations governing the internal management of the company, which helps to prevent disputes and ensure the smooth operation of the business.