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Return to Roach, Company Law 1e Resources
Chapter 3 Self-test Questions
Incorporation
Quiz Content
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Which of the following is not a method of incorporation?
Incorporation by delegated authority
correct
incorrect
Incorporation by royal charter
correct
incorrect
Incorporation by Act of Parliament
correct
incorrect
Incorporation by court order
correct
incorrect
Incorporation by registration
correct
incorrect
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Which of the following statements regarding unregistered companies are correct?
A company incorporated by royal charter will be an unregistered company.
correct
incorrect
The Companies Act 2006 cannot apply to unregistered companies.
correct
incorrect
A company incorporated by Act of Parliament will be an unregistered company.
correct
incorrect
Unregistered companies do not have shareholders.
correct
incorrect
Unregistered companies do not have corporate personality.
correct
incorrect
A company incorporated by delegated authority will be an unregistered company.
correct
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An unregistered company is one not incorporated by registration.
correct
incorrect
Unregistered companies must have a share capital.
correct
incorrect
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Which of the following is not required to incorporate a company by registration?
The memorandum of association
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incorrect
The objects clause
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incorrect
The articles of association
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incorrect
The application for registration
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incorrect
The statement of compliance
correct
incorrect
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Which of the following statements regarding a company's name is not true?
A company's name needs to be approved prior to its incorporation.
correct
incorrect
A company's name cannot be longer than 160 characters.
correct
incorrect
A company can change its name by passing an ordinary resolution.
correct
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A company that does not display its registered name on its website commits an offence.
correct
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A company cannot choose a same name as another company.
correct
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The use of certain words in a company's name requires the approval of the relevant Secretary of State.
correct
incorrect
A name cannot be registered if it is offensive in the opinion of the registrar of Companies House.
correct
incorrect
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Regarding the submission of the registration documents, which of the following statements are correct?
The registrar's decision to register a company is subject to judicial review.
correct
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The registration documents must be submitted electronically.
correct
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Only public companies are issued with a certificate of incorporation.
correct
incorrect
A public company can commence business once it has been issued with a certificate of incorporation.
correct
incorrect
The registrar can refuse to register a company that is being formed for an unlawful purpose.
correct
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Once a company is validly registered, its corporate personality comes into existence.
correct
incorrect
All registered companies are granted a registration number.
correct
incorrect
The registration fee for electronic submission is less than for documents submitted in hard copy.
correct
incorrect
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What does s 51 of the Companies Act 2006 state?
Where a promoter enters into a pre-incorporation contract on behalf of an unformed company, then that contract will be void and unenforceable.
correct
incorrect
Where a promoter enters into a pre-incorporation contract on behalf of an unformed company, then, once the company is incorporated, a contract will exist between the company and the third party.
correct
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Where a promoter enters into a pre-incorporation contract on behalf of an unformed company, a contract will exist between the promoter and the third party.
correct
incorrect
Where a promoter enters into a pre-incorporation contract on behalf of an unformed company, the third party can enforce the contract against the company or the promoter.
correct
incorrect
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Identify which of the following statements are true.
A public company must have a share capital.
correct
incorrect
Public and private companies must appoint a company secretary.
correct
incorrect
A public company cannot be classified as a small company.
correct
incorrect
A public company must be limited.
correct
incorrect
A private company can only trade once it has been issued with a trading certificate.
correct
incorrect
A private company must have a share capital.
correct
incorrect
A public company must have at least two members.
correct
incorrect
A public company must offer its shares to the public at large.
correct
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A public company must have a minimum share capital of at least £50,000.
correct
incorrect
Public companies can dispense with the requirement to hold an AGM
correct
incorrect
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What is a listed company?
A company that has a class of its securities listed on the UK's official list.
correct
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A company that trades its shares on the Main Market of the London Stock Exchange.
correct
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A company that trades its shares on AIM.
correct
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A company that has its shares listed on a stock exchange in a EEA Member State.
correct
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A company that has its shares listed on the New York Stock Exchange or NASDAQ.
correct
incorrect
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Which of the following statements are false?
A company's market capitalization is calculated by multiplying its share price by the number of shares it has allotted.
correct
incorrect
The FTSE 250 constitutes the largest 250 UK companies in terms of market capitalization.
correct
incorrect
The FTSE 350 constitutes the largest 350 UK companies in terms of share price.
correct
incorrect
The FTSE 100 constitutes the largest 100 UK companies in terms of revenue.
correct
incorrect
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In a company limited by shares, what is the members' liability limited to upon liquidation?
The members' liability is limited to the amount that is unpaid on their shares.
correct
incorrect
The member' liability is limited to the amount stated in the statement of guarantee.
correct
incorrect
The members' liability is limited to the amount stated in the articles.
correct
incorrect
The members' liability is limited to the amount that their shares are worth.
correct
incorrect
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