indicate the correct statements

1.1 The two main types of companies are companies with par value shares and companies with no par value shares. (2 marks) 1.2 The articles of association of a company constitute a contract between the Company and its directors. ( 2 marks) 1.3 Preference shareholder only have voting rights if their dividend are in arrears. (2 marks) 1.4 The quorum for a special resolution is 75% of the members present with voting rights. (2 marks) 1.5 A special resolution will lapse if not lodged with the Registrar within 7 days. (2 marks)