Model Articles

Question 1

MA 4

Answer 1

shareholders, by special resolution, can prevent a decision or make directors do something

Question 2

MA 3

Answer 2

directors responsible for management. they can exercise all powers

Question 3

MA 5

Answer 3

directors can delegate as they see fit

Question 4

MA 7

Answer 4

directors decisions must be by majority

Question 5

MA 9

Answer 5

call directors meeting by notice, with date, time and where it will be. 7 days or more

Question 6

MA 11

Answer 6

quorum for director meeting is 2

Question 7

MA 12

Answer 7

chairperson can be appointed for director meeting

Question 8

MA 13

Answer 8

casting vote if needed

Question 9

MA 14

Answer 9

conflict of interest, cannot vote and not included in quorum

Question 9

MA 17

Answer 9

appointment of directors

by ordinary resolution, or decision of the directors.

Question 10

MA 18

Answer 10

termination of directors appointment

if bankruptcy procedure, or if not mentally well for more than 3 months

Question 11

MA 21

Answer 11

no shares are to be issued for less than the aggrgate of its nominal value.

Question 12

MA 22

Answer 12

company may issue shares by ordinary resolution if different class of shares.

Question 13

MA 24

Answer 13

company must issue each shareholder a certificate of the shares.

Question 14

MA 30

Answer 14

dividends

company may by ordinary resolution, declare dividends.

Question 15

MA 42

Answer 15

voting at general meeting - resolution must be shown by hands

Question 16

MA 44

Answer 16

poll vote - can be demanded by chairman, 2 directors, or 2 or more persons that have the right to vote.

Question 17

MA 45

Answer 17

proxies can be appointed by notice

Question 18

MA 47

Answer 18

an ordinary resolution to be proposed at a general meeting may be amended