Articles of Association – NBC Institute

BL – May 2013 – L1 – SB – Q4A – Company Law

List and explain five incorporation documents required for registering a company.

Question

Hassan, a young businessman engaged in the manufacturing of “Healthy Energy Drink”, has recently contacted you for the incorporation of a company to be known as Healthy Energy Limited.

You are required to:

State FIVE incorporation documents required to be submitted by the company, indicating the purpose of each document.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Articles of Association, Incorporation, Memorandum of Association, Share Capital
Level: Level 1

Topic: Company Law
Series: MAY 2013

BMF – May 2015 – L1 – SB – Q1a – Business and Organizational Structures and Choices

Features of the Memorandum of Association, Articles of Association, and Public Sector Entities.

Question

State FIVE features of each of the following:
i. Memorandum of Association (5 Marks)
ii. Articles of Association (5 Marks)
iii. Public Sector Entity (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Articles of Association, Memorandum of Association, Public Sector Entity
Level: Level 1

Topic: Business and Organisational Structure
Series: MAY 2015

BMF – MAY 2015 – L1 – SA – Q10 – Business and Organizational Structures and Choices

Requirements for incorporating a limited liability company, excluding non-essential documents.

Question

The following are required to incorporate a limited liability company EXCEPT:

A. Memorandum of Association
B. Articles of Association
C. Statement of authorised share capital
D. Location of the registered office
E. Source of finance

Answer

Find Related Questions by Tags, levels, etc.

Tags: Articles of Association, Company Formation, Incorporation, Memorandum of Association, Share Capital
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2015

FA – May 2014 – L1 – SA – Q4 – Regulatory Environment of Accounting

Identifies the document governing a company's relationship with third parties.

Question

The document which discloses the conditions that govern a company’s relationship with third parties is called
A. Articles of Association
B. Loan notes
C. Register of Members
D. Memorandum of Association
E. Memorandum of Understanding

Answer

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Tags: Articles of Association, Company Law, Corporate Documentation, Memorandum
Level: Level 1

Topic: Regulatory Environment of Accounting
Series: MAY 2014

BL – Nov 2013 – L1 – SA – Q11 – Company Law

Examines restrictions on the transfer of share interests in a company.

Question

The right to transfer an interest in the share of a company can be limited by the

A. Memorandum of Association
B. Articles of Association
C. Policy Manual of the company
D. Company’s directors
E. Secretary of the company

Answer

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Tags: Articles of Association, Company Law, Multiple Choice, Shares
Level: Level 1

Topic: Company Law
Series: NOV 2013

BL – Nov 2014 – L1 – SB – Q2a – Company Law

List five contents of the Articles of Association of a company.

Question

“The Memorandum and Articles of Association of a company are together the Constitution of the company.”
You are required to list any FIVE contents of the Articles of Association.
(Total 5 Marks)

Answer

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Tags: Articles of Association, Company Constitution, Company Law
Level: Level 1

Topic: Company Law
Series: NOV 2014

BL – Nov 2019 – L1 – SB – Q3a – Company Law

Legal advice on the entitlement of a director to remuneration and reimbursement in the absence of an agreement.

Question

Bala and Yesufu are joint directors and shareholders of YEBA Limited, which was incorporated in 2015. Yesufu was appointed the Managing Director, and Bala, the Operations Director. The Articles of Association of YEBA Limited were silent on directors’ remuneration, and there was no written agreement to pay remuneration to the directors of the company.

Bala had attended several board meetings from 2015 to 2017, travelling from Abuja to Lagos at his own expense. In 2018, Bala wrote to YEBA Limited through Yesufu, claiming N2 million annual director’s remuneration for years 2015 to 2017, as well as a total sum of N2 million reimbursement of his travelling expenses for the same period.

YEBA Limited has refused to pay both claims, insisting that there is no agreement for such payments to be made to the directors of the company. Bala is aggrieved and intends to take legal action against YEBA Limited.

Required:
Advise Bala, stating the legal issues involved.

(8 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Articles of Association, Company Law, Director Remuneration, Reimbursement
Level: Level 1

Topic: Company Law
Series: NOV 2019

BL – May 2016 – L1 – SA – Q3 – Company Law

Identify the item not included in the Articles of Association of a company.

Question

Which of the following is NOT contained in the Articles of Association of a company?
A. Appointment of Directors
B. Share transfer procedures
C. Appointment and remuneration of auditors
D. Procedures at meetings
E. Object clause

Answer

Find Related Questions by Tags, levels, etc.

Tags: Articles of Association, Company Documents, Corporate Governance
Level: Level 1

Topic: Company Law
Series: MAY 2016

BL – May 2013 – L1 – SB – Q4A – Company Law

List and explain five incorporation documents required for registering a company.

Question

Hassan, a young businessman engaged in the manufacturing of “Healthy Energy Drink”, has recently contacted you for the incorporation of a company to be known as Healthy Energy Limited.

You are required to:

State FIVE incorporation documents required to be submitted by the company, indicating the purpose of each document.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Articles of Association, Incorporation, Memorandum of Association, Share Capital
Level: Level 1

Topic: Company Law
Series: MAY 2013

BMF – May 2015 – L1 – SB – Q1a – Business and Organizational Structures and Choices

Features of the Memorandum of Association, Articles of Association, and Public Sector Entities.

Question

State FIVE features of each of the following:
i. Memorandum of Association (5 Marks)
ii. Articles of Association (5 Marks)
iii. Public Sector Entity (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Articles of Association, Memorandum of Association, Public Sector Entity
Level: Level 1

Topic: Business and Organisational Structure
Series: MAY 2015

BMF – MAY 2015 – L1 – SA – Q10 – Business and Organizational Structures and Choices

Requirements for incorporating a limited liability company, excluding non-essential documents.

Question

The following are required to incorporate a limited liability company EXCEPT:

A. Memorandum of Association
B. Articles of Association
C. Statement of authorised share capital
D. Location of the registered office
E. Source of finance

Answer

Find Related Questions by Tags, levels, etc.

Tags: Articles of Association, Company Formation, Incorporation, Memorandum of Association, Share Capital
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2015

FA – May 2014 – L1 – SA – Q4 – Regulatory Environment of Accounting

Identifies the document governing a company's relationship with third parties.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Articles of Association, Company Law, Corporate Documentation, Memorandum
Level: Level 1

Topic: Regulatory Environment of Accounting
Series: MAY 2014

BL – Nov 2013 – L1 – SA – Q11 – Company Law

Examines restrictions on the transfer of share interests in a company.

Question

The right to transfer an interest in the share of a company can be limited by the

A. Memorandum of Association
B. Articles of Association
C. Policy Manual of the company
D. Company’s directors
E. Secretary of the company

Answer

Find Related Questions by Tags, levels, etc.

Tags: Articles of Association, Company Law, Multiple Choice, Shares
Level: Level 1

Topic: Company Law
Series: NOV 2013

BL – Nov 2014 – L1 – SB – Q2a – Company Law

List five contents of the Articles of Association of a company.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Articles of Association, Company Constitution, Company Law
Level: Level 1

Topic: Company Law
Series: NOV 2014

BL – Nov 2019 – L1 – SB – Q3a – Company Law

Legal advice on the entitlement of a director to remuneration and reimbursement in the absence of an agreement.

Question

Required:
Advise Bala, stating the legal issues involved.

(8 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Articles of Association, Company Law, Director Remuneration, Reimbursement
Level: Level 1

Topic: Company Law
Series: NOV 2019

BL – May 2016 – L1 – SA – Q3 – Company Law

Identify the item not included in the Articles of Association of a company.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Articles of Association, Company Documents, Corporate Governance
Level: Level 1

Topic: Company Law
Series: MAY 2016

Question Tag: Articles of Association

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BL – May 2013 – L1 – SB – Q4A – Company Law

List and explain five incorporation documents required for registering a company.

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BMF – May 2015 – L1 – SB – Q1a – Business and Organizational Structures and Choices

Features of the Memorandum of Association, Articles of Association, and Public Sector Entities.

You're reporting an error for "BMF – May 2015 – L1 – SB – Q1a – Business and Organizational Structures and Choices"

BMF – MAY 2015 – L1 – SA – Q10 – Business and Organizational Structures and Choices

Requirements for incorporating a limited liability company, excluding non-essential documents.

You're reporting an error for "BMF – MAY 2015 – L1 – SA – Q10 – Business and Organizational Structures and Choices"

FA – May 2014 – L1 – SA – Q4 – Regulatory Environment of Accounting

Identifies the document governing a company's relationship with third parties.

You're reporting an error for "FA – May 2014 – L1 – SA – Q4 – Regulatory Environment of Accounting"

BL – Nov 2013 – L1 – SA – Q11 – Company Law

Examines restrictions on the transfer of share interests in a company.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q11 – Company Law"

BL – Nov 2014 – L1 – SB – Q2a – Company Law

List five contents of the Articles of Association of a company.

You're reporting an error for "BL – Nov 2014 – L1 – SB – Q2a – Company Law"

BL – Nov 2019 – L1 – SB – Q3a – Company Law

Legal advice on the entitlement of a director to remuneration and reimbursement in the absence of an agreement.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q3a – Company Law"

BL – May 2016 – L1 – SA – Q3 – Company Law

Identify the item not included in the Articles of Association of a company.

You're reporting an error for "BL – May 2016 – L1 – SA – Q3 – Company Law"

BL – May 2013 – L1 – SB – Q4A – Company Law

List and explain five incorporation documents required for registering a company.

You're reporting an error for "BL – May 2013 – L1 – SB – Q4A – Company Law"

BMF – May 2015 – L1 – SB – Q1a – Business and Organizational Structures and Choices

Features of the Memorandum of Association, Articles of Association, and Public Sector Entities.

You're reporting an error for "BMF – May 2015 – L1 – SB – Q1a – Business and Organizational Structures and Choices"

BMF – MAY 2015 – L1 – SA – Q10 – Business and Organizational Structures and Choices

Requirements for incorporating a limited liability company, excluding non-essential documents.

You're reporting an error for "BMF – MAY 2015 – L1 – SA – Q10 – Business and Organizational Structures and Choices"

FA – May 2014 – L1 – SA – Q4 – Regulatory Environment of Accounting

Identifies the document governing a company's relationship with third parties.

You're reporting an error for "FA – May 2014 – L1 – SA – Q4 – Regulatory Environment of Accounting"

BL – Nov 2013 – L1 – SA – Q11 – Company Law

Examines restrictions on the transfer of share interests in a company.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q11 – Company Law"

BL – Nov 2014 – L1 – SB – Q2a – Company Law

List five contents of the Articles of Association of a company.

You're reporting an error for "BL – Nov 2014 – L1 – SB – Q2a – Company Law"

BL – Nov 2019 – L1 – SB – Q3a – Company Law

Legal advice on the entitlement of a director to remuneration and reimbursement in the absence of an agreement.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q3a – Company Law"

BL – May 2016 – L1 – SA – Q3 – Company Law

Identify the item not included in the Articles of Association of a company.

You're reporting an error for "BL – May 2016 – L1 – SA – Q3 – Company Law"

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