Company Formation – NBC Institute

BL – May 2012 – L1 – SB – Q1A – Company Law

Advise on the items to include in the Memorandum of Association and documents of incorporation.

Question

(a) Ngozi and Kolade are promoters of a new company. You are required to advise them on the following:
(i) FIVE items they must include in the Memorandum of Association; (5 Marks)
(ii) FIVE documents of incorporation to be filed. (5 Marks)

Answer

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Tags: Business Law, Company Formation, Memorandum of Association
Level: Level 1

Topic: Company Law
Series: MAY 2012

BL – Nov 2011 – L1 – SA – Q5 – Company Law

Identifying the clause in a memorandum that states the liability of members in a company.

Question

Which clause in the memorandum states that the liability of its members is limited by shares or guarantee or unlimited as the case may be?

Answer

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Tags: Company Formation, Liability of Members, Limited by Shares, Memorandum of Association
Level: Level 1

Topic: Company Law
Series: NOV 2011

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

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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

BL – Nov 2014 – L1 – SA – Q4 – Company Law

Identifying the minimum number of persons required to form a Public Limited Liability Company

Question

The minimum number of persons that could form a Public Limited Liability Company is
A. 28
B. 21
C. 14
D. 7
E. 2

Answer

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Tags: Company Formation, Legal Requirements, Public Limited Liability Company
Level: Level 1

Topic: Company Law
Series: NOV 2014

BL – Nov 2023 – L1 – SA – Q8 – Company Law

This question asks about the binding nature of pre-incorporation contracts.

Question

Pre-incorporation contracts are:
A. Binding on the company
B. Not binding on the company at all
C. Binding on the company after ratification
D. Binding on the Board of Directors
E. Binding on the third party involved

Answer

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Tags: Company Formation, Corporate Law, Pre-Incorporation Contracts
Level: Level 1

Topic: Company Law
Series: NOV 2023

BCL – May 2016 – L1 – Q5d – Company Law

Explain how a company acquires interests in pre-incorporation contracts and the legal position of persons acting on behalf of the company.

Question

Briefly explain how a company acquires interests in pre-incorporation contracts, and the legal position of a person purporting to act on behalf of the company with respect to those contracts. (10 marks)

Answer

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Tags: Company Formation, Legal Position, Pre-incorporation, Ratification
Level: Level 1

Topic: Contract Law
Series: MAY 2016

BCL – May 2016 – L1 – Q5c – Company Law

State three features of a pre-incorporation contract.

Question

State THREE features of a pre-incorporation contract. (3 marks)

Answer

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Tags: Company Formation, Contract Law, Pre-incorporation
Level: Level 1

Topic: Contract Law
Series: MAY 2016

BCL – May 2016 – L1 – Q5b – Company Law

Define the term "pre-incorporation contract."

Question

What is meant by “pre-incorporation contract”? (2 marks)

Answer

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Tags: Company Formation, Legal Definition, Pre-incorporation
Level: Level 1

Topic: Contract Law
Series: MAY 2016

BCL – July 2023 – L1 – Q4c – Company Directors and Other Officers

Describe the fiduciary duties of a promoter prior to the formation of a company.

Question

Certain key persons before and after the formation of a company stand in a fiduciary relationship to the company.

Required:

Describe the promoter’s fiduciary duties prior to the formation of a company. (4 marks)

Answer

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Tags: Company Formation, Fiduciary Duties, Promoter
Level: Level 1

Topic: Company directors and other officers
Series: JULY 2023

BL – May 2012 – L1 – SB – Q1A – Company Law

Advise on the items to include in the Memorandum of Association and documents of incorporation.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Law, Company Formation, Memorandum of Association
Level: Level 1

Topic: Company Law
Series: MAY 2012

BL – Nov 2011 – L1 – SA – Q5 – Company Law

Identifying the clause in a memorandum that states the liability of members in a company.

Question

Which clause in the memorandum states that the liability of its members is limited by shares or guarantee or unlimited as the case may be?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Formation, Liability of Members, Limited by Shares, Memorandum of Association
Level: Level 1

Topic: Company Law
Series: NOV 2011

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

BL – Nov 2014 – L1 – SA – Q4 – Company Law

Identifying the minimum number of persons required to form a Public Limited Liability Company

Question

The minimum number of persons that could form a Public Limited Liability Company is
A. 28
B. 21
C. 14
D. 7
E. 2

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Formation, Legal Requirements, Public Limited Liability Company
Level: Level 1

Topic: Company Law
Series: NOV 2014

BL – Nov 2023 – L1 – SA – Q8 – Company Law

This question asks about the binding nature of pre-incorporation contracts.

Question

Answer

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Tags: Company Formation, Corporate Law, Pre-Incorporation Contracts
Level: Level 1

Topic: Company Law
Series: NOV 2023

BCL – May 2016 – L1 – Q5d – Company Law

Explain how a company acquires interests in pre-incorporation contracts and the legal position of persons acting on behalf of the company.

Question

Answer

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Tags: Company Formation, Legal Position, Pre-incorporation, Ratification
Level: Level 1

Topic: Contract Law
Series: MAY 2016

BCL – May 2016 – L1 – Q5c – Company Law

State three features of a pre-incorporation contract.

Question

State THREE features of a pre-incorporation contract. (3 marks)

Answer

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Tags: Company Formation, Contract Law, Pre-incorporation
Level: Level 1

Topic: Contract Law
Series: MAY 2016

BCL – May 2016 – L1 – Q5b – Company Law

Define the term "pre-incorporation contract."

Question

What is meant by “pre-incorporation contract”? (2 marks)

Answer

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Tags: Company Formation, Legal Definition, Pre-incorporation
Level: Level 1

Topic: Contract Law
Series: MAY 2016

BCL – July 2023 – L1 – Q4c – Company Directors and Other Officers

Describe the fiduciary duties of a promoter prior to the formation of a company.

Question

Certain key persons before and after the formation of a company stand in a fiduciary relationship to the company.

Required:

Describe the promoter’s fiduciary duties prior to the formation of a company. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Formation, Fiduciary Duties, Promoter
Level: Level 1

Topic: Company directors and other officers
Series: JULY 2023

Question Tag: Company Formation

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BL – May 2012 – L1 – SB – Q1A – Company Law

Advise on the items to include in the Memorandum of Association and documents of incorporation.

You're reporting an error for "BL – May 2012 – L1 – SB – Q1A – Company Law"

BL – Nov 2011 – L1 – SA – Q5 – Company Law

Identifying the clause in a memorandum that states the liability of members in a company.

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q5 – Company Law"

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"

BL – Nov 2014 – L1 – SA – Q4 – Company Law

Identifying the minimum number of persons required to form a Public Limited Liability Company

You're reporting an error for "BL – Nov 2014 – L1 – SA – Q4 – Company Law"

BL – Nov 2023 – L1 – SA – Q8 – Company Law

This question asks about the binding nature of pre-incorporation contracts.

You're reporting an error for "BL – Nov 2023 – L1 – SA – Q8 – Company Law"

BCL – May 2016 – L1 – Q5d – Company Law

Explain how a company acquires interests in pre-incorporation contracts and the legal position of persons acting on behalf of the company.

You're reporting an error for "BCL – May 2016 – L1 – Q5d – Company Law"

BCL – May 2016 – L1 – Q5c – Company Law

State three features of a pre-incorporation contract.

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BCL – May 2016 – L1 – Q5b – Company Law

Define the term "pre-incorporation contract."

You're reporting an error for "BCL – May 2016 – L1 – Q5b – Company Law"

BCL – July 2023 – L1 – Q4c – Company Directors and Other Officers

Describe the fiduciary duties of a promoter prior to the formation of a company.

You're reporting an error for "BCL – July 2023 – L1 – Q4c – Company Directors and Other Officers"

BL – May 2012 – L1 – SB – Q1A – Company Law

Advise on the items to include in the Memorandum of Association and documents of incorporation.

You're reporting an error for "BL – May 2012 – L1 – SB – Q1A – Company Law"

BL – Nov 2011 – L1 – SA – Q5 – Company Law

Identifying the clause in a memorandum that states the liability of members in a company.

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q5 – Company Law"

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"

BL – Nov 2014 – L1 – SA – Q4 – Company Law

Identifying the minimum number of persons required to form a Public Limited Liability Company

You're reporting an error for "BL – Nov 2014 – L1 – SA – Q4 – Company Law"

BL – Nov 2023 – L1 – SA – Q8 – Company Law

This question asks about the binding nature of pre-incorporation contracts.

You're reporting an error for "BL – Nov 2023 – L1 – SA – Q8 – Company Law"

BCL – May 2016 – L1 – Q5d – Company Law

Explain how a company acquires interests in pre-incorporation contracts and the legal position of persons acting on behalf of the company.

You're reporting an error for "BCL – May 2016 – L1 – Q5d – Company Law"

BCL – May 2016 – L1 – Q5c – Company Law

State three features of a pre-incorporation contract.

You're reporting an error for "BCL – May 2016 – L1 – Q5c – Company Law"

BCL – May 2016 – L1 – Q5b – Company Law

Define the term "pre-incorporation contract."

You're reporting an error for "BCL – May 2016 – L1 – Q5b – Company Law"

BCL – July 2023 – L1 – Q4c – Company Directors and Other Officers

Describe the fiduciary duties of a promoter prior to the formation of a company.

You're reporting an error for "BCL – July 2023 – L1 – Q4c – Company Directors and Other Officers"

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