3994663
Descrição
Quiz por Kristina Torry, atualizado more than 1 year ago
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Criado por Kristina Torry
aproximadamente 9 anos atrás
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Questão 1
Questão
The Client is always the incorporator
Responda
- True
- False
Questão 2
Questão
The organization process involves the preparation of the [blank_start]records book[blank_end], [blank_start]resolutions[blank_end], and [blank_start]registers[blank_end]
Responda
-
records book
-
resolutions
-
registers
Questão 3
Questão
All documents must be dated effective at the incorporation date
Responda
- True
- False
Questão 4
Questão
Resolutions are a [blank_start]formal[blank_end] way to make [blank_start]decisions[blank_end]
Responda
-
formal
-
decisions
Questão 5
Questão
Resolutions MUST include the following:
Responda
-
Company name, date, signatures, RESOLVED THAT
-
Company name, headings, page numbers, signatures
-
RESOLVED THAT, signatures, headings
Questão 6
Questão
What are the two types of resolutions?
Responda
-
Directors' and Incorporators' resolutions
-
Directors and Officers resolutions
-
Directors and Shareholders resolutions
-
Shareholders and Company resolutions
Questão 7
Questão
Directors have the authority to allot shares to shareholders
Responda
- True
- False
Questão 8
Questão
Shareholders resolve to appoint the bank
Responda
- True
- False
Questão 9
Questão
Directors set the financial year end
Responda
- True
- False
Questão 10
Questão
Incorporators issue share certificates
Responda
- True
- False
Questão 11
Questão
Incorporation Documents can be approved and adopted at any time by the shareholders
Responda
- True
- False
Questão 12
Questão
Shareholders have the authority to appoint directors
Responda
- True
- False
Questão 13
Questão
Shareholders resolve to waive the appointment of an auditor
Responda
- True
- False
Questão 14
Questão
Directors can limit inspection of Records
Responda
- True
- False
Questão 15
Questão
A records book is also known as a [blank_start]minute book[blank_end]
Responda
-
minute book
Questão 16
Questão
the records book contains records from [blank_start]incorporation to dissolution[blank_end]
Responda
-
incorporation to dissolution
Questão 17
Questão
correspondences are included in the records book
Responda
- True
- False
Questão 18
Questão
The records book is necessary for three reasons:
1. [blank_start]memory of the company[blank_end]
2. [blank_start]unlimited lifespan[blank_end]
3. [blank_start]back up[blank_end] for documents at the registry
Responda
-
memory of the company
-
unlimited lifespan
-
back up
Questão 19
Questão
the records must be kept in paper form
Responda
- True
- False
Questão 20
Questão
Current directors can inspect all records under Table 1 (unamended)
Responda
- True
- False
Questão 21
Questão
Former directors can inspect all records
Responda
- True
- False
Questão 22
Questão
Shareholders can inspect all records except:
Responda
-
they can inspect all records
-
directors minutes, resolutions, disclosures, and dissents
-
registers
-
Directors' registers, resolutions, and dissents
Questão 23
Questão
The records book must be organized with coloured tabs to indicate separate sections
Responda
- True
- False
Questão 24
Questão
all documents must be date/time stamped
Responda
- True
- False
Questão 25
Questão
Where do most firms stamp a document?
Responda
-
top right
-
top left or back of document
-
top or bottom centre
-
bottom right or back of document
Questão 26
Questão
what should you do if an envelope is delivered to your desk with not date/time stamp? What date/time should you use
Responda
-
estimate when it would have arrived at reception
-
date/time you received it
-
Don't stamp it
-
ask reception when it was received
Questão 27
Questão
When must the Annual Report be filed?
Responda
-
within 2 months after the company's anniversary
-
2 months before the Company's anniversary
-
on the company's anniversary
Questão 28
Questão
How many years in a row can a company neglect to file an Annual Report before it is dissolved?
Responda
-
3 years
-
2 years
-
1 year; it has to be filed every year
-
4 years
Questão 29
Questão
the Annual Report is electronically filed
Responda
- True
- False
Questão 30
Questão
an AGM is an [blank_start]Annual General Meeting[blank_end]
Responda
-
Annual General Meeting
Questão 31
Questão
Time Limit for the first AGM is [blank_start]18 months[blank_end] after incorporation
Responda
-
18 months
Questão 32
Questão
the AGM should take place within [blank_start]15 months[blank_end] of the last annual [blank_start]reference date[blank_end]
Responda
-
15 months
-
reference date
Questão 33
Questão
Alternatives to holding an AGM (for private companies) are:
1) [blank_start]resolutions[blank_end] in [blank_start]lieu[blank_end] of AGM
2) [blank_start]Defer[blank_end] to a [blank_start]later date[blank_end]
3) [blank_start]Waive[blank_end] the AGM for that year
Responda
-
resolutions
-
lieu
-
Defer
-
later date
-
Waive
Questão 34
Questão
The AGM is for Directors
Responda
- True
- False
Questão 35
Questão
What business is transacted at an AGM?
1) Approval of [blank_start]financial statements[blank_end]
2) appointment of/[blank_start]waiver of auditors[blank_end]
3) approval of [blank_start]directors' actions[blank_end]
4) election of [blank_start]directors[blank_end] (if applicable)
Responda
-
financial statements
-
waiver of auditors
-
directors' actions
-
directors
Questão 36
Questão
Only Shareholders have the power to limit hours of records inspection
Responda
- True
- False
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