6.2 Company Registration Quiz

What is the first step in registering a company?

• Choosing the company's name

• Securing the registration form

• Completing the registration process

• Understanding promoters

What is required before registering a company's name?

• Amending the articles of association

• Entering into pre-incorporation contracts

• Submitting certain documents

• Obtaining name clearance

What information is collected in the company registration form?

• All of the above

• Company type (public or private)

• Nature of business operations

• Proposed business name

Who are promoters in the context of company registration?

• Individuals who audit company finances

• Individuals who regulate company operations

• Individuals who provide financial support to a company

• Individuals who form a company for a specific purpose

What are promoters responsible for during the company formation process?

• Both A and B

• Acting with honesty and fairness throughout the process

• Disclosing all material facts concerning the company's formation

• None of the above

What are pre-incorporation contracts?

• Contracts entered into by promoters before the company is officially formed

• Contracts entered into by customers of the company

• Contracts entered into by directors during company operations

• Contracts entered into by shareholders after the company is formed

How can pre-incorporation contracts be ratified after company formation?

• None of the above

• Both A and B

• Creating a new contract through novation

• Formalizing a draft contract

What is the purpose of consulting with a professional during the registration process?

• To provide valuable guidance

• To delay the registration

• To complicate the process

• To increase registration fees

What is the legal authority companies have regarding amending articles of association?

• To involve promoters in the amendment process

• To amend articles without following legal principles

• To modify articles through a special resolution

• To ignore the need for amendments