Corporate Law flash cards

The organization process includes preparation of what? (3)

Is the client always the incorporator?

T/F documents dealing with organization of the company MUST be dated with the incorporation date

What are Resolutions

Resolutions MUST have the following (4)

What are the two types of resolutions?

Directors have the authority to (5)

Shareholders have the authority to (5)

Incorporation Documents?

The records book/minute book contains what?

Why is a records book necessary? (3)

Records can be kept in which forms? (2)

Can current directors inspect all of the records?

Which records can former directors inspect?

Which records are shareholders not permitted to inspect?

How is a records book organized?

T/F: all records must be date/time stamped when recieved

where to most firms put the date/time stamp?

if an unstamped envelope arrives at your desk what date should you use?

Time Limit for Annual Report

If a Company does not file an Annual Report for ___ consecutive years, it will be dissolved

What is an AGM?

Time limit for 1st AGM?

Time limit for AGM (not first time)

Alternative options for a private company

What business is transacted at a

Can appointment of an auditor be waived forever?