05. Types of company.

Question 1

A public company must be limited by …

Answer 1

shares.

Question 2

A … company must be limited by shares.

Answer 2

public

Question 3

Types of company: L*, U, P

Answer 3

Private LIMITED by shares or guarantee.

Question 4

Types of company: L, U*, P

Answer 4

Private UNLIMITED with or without a share capital.

Question 5

Types of company: L, U, P*

Answer 5

PUBLIC limited by shares.

Question 6

An unlimited company may re-register as limited via ..

Answer 6

a special resolution.

Question 7

A limited company may re-register as unlimited via …

Answer 7

the unanimous consent of all members.

Question 8

A company’s type is specified in its …

Answer 8

constitution (articles)

Question 9

The default type of company, unless its articles specify otherwise is …

Answer 9

a private company

Question 10

A … company MUST have limited liability for members (shareholders).

Answer 10

public

Question 11

A … company MUST have a company secretary.

Answer 11

public

Question 12

A … company NEED NOT have a company secretary.

Answer 12

private

Question 13

T/F: a company must submit proposed articles along with its registration document.

Answer 13

FALSE

the ‘model’ articles can be used

Question 14

The date on the certificate of incorporation …

Answer 14

is definitive.

see Jubilee Cotton Mills v Lewis