CAF-7 Ch-2 Memorandum and articles

CAF-7 | Ch-2 | Memorandum and articles

CAF-7 Ch-2 Memorandum and articles

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CAF-7 Company Law Quiz offered for the ICAP CA students.

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Question 1 of 15

1. Question
1 points

Category: CAF7
Under the Companies Act, 2017 in which document would you find the principal line of a business clause?
- Statutory declarations
- Articles of association
- Memorandum of association
- Prospectus
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Question 2 of 15

2. Question
1 points

Category: CAF7
A person may make an application in a specified form and manner with a specified fee to the registrar for reservation of any name. If the application is refused by the registrar, the aggrieved person may prefer an appeal to Commission within
- 60 days
- 30 days
- 15 days
- 90 days
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Question 3 of 15

3. Question
1 points

Category: CAF7
Companies Act, 2017 allows the alteration of various clauses of the memorandum of association of the company however there is a difference as to the procedure or requirement of law. Which clause cannot be altered in the lifetime of the company?
- Name clause
- Subscription clause
- Liability clause
- Registered office clause
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Question 4 of 15

4. Question
1 points

Category: CAF7
Toys & Toys Limited (TTL) resolved to shift its registered office from Gujranwala to Lahore i.e. within the province of Punjab. For this purpose, TTL must:
- Obtain the consent of creditors who are entitled to object and obtain prior approval of the Commission
- Give notice of change to the Commission within a period of fifteen days after the change
- Obtain approval of the registrar prior to shifting of its registered office
- Give notice of change in the situation of the registered office to the registrar within a period of fifteen days after the date of the change
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Question 5 of 15

5. Question
1 points

Category: CAF7
For registered office clause the province or the part of Pakistan not forming part of a province shall be mentioned. e.g. if the company proposes to have a registered office in Islamabad, they will write in their memorandum that
- The registered office will be situated in the province of Sindh
- The registered office will be situated in the province of Punjab
- The registered office will be situated in Islamabad
- None of the above
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Question 6 of 15

6. Question
1 points

Category: CAF7
The first clause of the memorandum is the name clause of the company which contains the name of the company with the addition of appropriate parenthesis. Choose the incorrect parenthesis
- Abdullah (Private) Limited is a private company
- Rahim (Guarantee) Limited is a guarantee limited company
- The Lawyer (PLC) is a public limited company
- Khan (SMC-Private) Limited is a single member company
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Question 7 of 15

7. Question
1 points

Category: CAF7
Every company shall supply within a period of 14 days, a copy of the memorandum and articles of the company, upon the request and payment of a prescribed amount, to its
- Creditor
- Auditor
- Director
- Member
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Question 8 of 15

8. Question
1 points

Category: CAF7
What type of resolution is required to change the company’s name?
- Special resolution
- Ordinary resolution
- Ordinary resolution with 14 days’ notice
- Special resolution with 14 days’ notice
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Question 9 of 15

9. Question
1 points

Category: CAF7
In relation to a company’s articles of association, which of the following is incorrect?
- The articles of association set down the internal regulations of a company
- Promoters may or may not submit their own form of articles when submitting the forms necessary to form a company limited by shares.
- The articles of the association form a contract between the members and the company and the members among themselves.
- Articles of association may be changed by ordinary resolution.
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Question 10 of 15

10. Question
1 points

Category: CAF7
If a company changes its name, then former name is required to be mentioned along with the new name for a period of
- 90 days from the date of issue of the new certificate of incorporation.
- 120 days from the date of issue of the new certificate of incorporation.
- One year from the date of issue of the new certificate of incorporation.
- None of the above is correct
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Question 11 of 15

11. Question
1 points

Category: CAF7
A company has been incorporated with a name in contravention of the relevant provisions of the Companies Act, 2017. Now the directors have received an order from the Registrar to rectify the name after providing an opportunity of being heard. The name is required to be rectified/change within a period of
- 15 days
- 30 days
- 120 days
- None of the above is correct
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Question 12 of 15

12. Question
1 points

Category: CAF7
Which of the following clauses is not covered in Table A of the First Schedule?
- Proceedings of directors
- Votes of members
- Instrument of proxy
- Annual return
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Question 13 of 15

13. Question
1 points

Category: CAF7
A company is changing its registered office from Gulgasht Colony to Bukhari Colony within the city of Multan. Which of the following requirements are applicable: (i) Notify the registrar. (ii) Pass a special resolution. (iii) Get confirmation from the Commission on the petition.
- (i) only
- (i) and (ii) only
- (i) to (iii) all
- (ii) and (iii) only
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Question 14 of 15

14. Question
1 points

Category: CAF7
A company is changing its registered office from Lahore (Punjab Province) to Multan (Punjab Province). Which of the following requirements are applicable: (i) notify the registrar. (ii) Pass a special resolution. (iii) Get confirmation from the Commission on the petition.
- (i) only
- (i) and (ii) only
- (i) to (iii) all
- (ii) and (iii) only
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Question 15 of 15

15. Question
1 points

Category: CAF7
A company is changing its registered office from Mardan (Khyber Pakhtunkhwa Province) to Quetta (Baluchistan Province). Which of the following requirements are applicable: (i) Notify the registrar. (ii) Pass a special resolution. (iii) Get confirmation from the Commission on the petition.
- (i) only
- (i) and (ii) only
- (i) to (iii) all
- (ii) and (iii) only
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