Which one of the following is not the right of a stockholder in a corporation
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Question 1Persons who take the procedural steps to set up a company and who make business preparations for the company are known as: a) Directors. b) Shareholders. c) Registrars. d) Promoters. Question 2Joe and Jamel wish to form a new company, which of the following documents must be lodged with the Registrar of Companies? a) 1, 2 and 4 b) 1,2,3, and 4 c) 1,3, and 4 d) 2 and 4 Question 3Under the Companies Act 2006 the document that states the subscribers wish to form a company and have agreed to become members of that company is called: a) The Company Articles. b) The Statement of Compliance. c) The Memorandum of Association. d) The Company Guarantee. Question 4What is the internet registry for '.uk' domain names? a) Companies House. b) Nominet UK. c) Dot. Com UK. d) Internet Registration UK. Question 5Companies set up under the provisions of the Companies Act 2006 have one major constitutional document called: a) The Company Constitution. b) The Memorandum of Association. c) The Articles of Association. d) The Object Clause. Question 6Will a court permit an alteration of a Company's articles to be enforced if the alteration is to give the company the power to expel shareholders? a) Yes, there are no restrictions on expelling shareholders. b) Yes, provided there is a good reason and it is for the benefit of the company as a whole. c) No, the Company's Act 2006 does not permit a shareholder to be expelled from a company. d) No, the common law does not permit a shareholder to be expelled from a company. Question 7Which one of the following statements relating to debentures is incorrect? a) Debenture stock is transferable. b) A company may not purchase its own debentures. c) A debenture holder is a creditor of the company. d) A debenture is the written document issued by a company setting out the terms of a loan. Question 8Which one of the following is not a right of a shareholder? a) To receive a dividend declared by the company b) To attend and vote a meetings c) To receive the company's accounts d) To manage company affairs Question 9Shares issues without any special rights attached to them are known as: a) Ordinary shares b) Preference shares c) Treasury shares d) Capital shares Question 10What are redeemable shares? a) Shares that cannot be transferred on the stock market. b) Shares kept by a company to be sold at a later date. c) Shares which when issued carry a right by the company to buy them back. d) Shares that carry rights in preference to other shares. Which of the following is a right of a stockholder of a corporation?Common shareholders are granted six rights: voting power, ownership, the right to transfer ownership, dividends, the right to inspect corporate documents, and the right to sue for wrongful acts.
Which one of the following is not true of a corporation?Expert-Verified Answer. The statement that the acts of its owners bind the corporation is false.
What are the 4 basic rights of stockholders What are the common classes of stock?The voting right, dividend right, liquidity right, and pre-emptive right are the four basic rights of stockholders.
What are the rights of stockholders Philippines?In stock corporations, stockholders entitled to vote shall have the right to vote the number of shares of stock standing in their own names in the stock books of the corporation at the time fixed in the bylaws or where the bylaws are silent, at the time of the election.
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