MCQ Question

L L p.625 points 0.625 points QUESTION 12 QUESTION 15 In relation to a company limited by shares, which of the following statements is correct? The court may 'lift the corporate veil' in the case of: a.It must have no fewer than 100 shareholders. b.It must have no fewer than 50 shareholders. On being wound up, its shareholders may be liable to pay an amount that may be used to discharge the company's debts. On being wound up, its shareholders can never be called to make any d "payments to the company as their liability is limited a. Insolvent trading. 'b.A tortious act of a subsidiary. c. A company formed to circumvent a breach of contract. a d. All of the above. 0.625 points QUESTION 16 0.625 points QUESTION 13- Under which section of the Corporations Act 2001 (Sto), can a member apply for relief if a resolution of members is unfairly discriminatory against the member? Joe wishes to register a mining company that will allow him to expand by making a call on the shares and issuing more shares to the public. Which of the following companies will best suit Joe's mining venture? a. Section 1324. 'b. Section 236. c. Section 237 d. Section 233. a.Joe Ltd. b.Joe NL Ltd. c. Joe Pty Ltd. d. Joe Co. 0.625 points QUESTION 17 0.625 points QUESTION 14 Which of the following periodic financial reporting obligations are listed public companies obliged to comply with? A Annual financial statements and directors' report. B. Half-year financial reports. C. Audit. Under Australian Corporate Law it is NOT possible to register a. A public no liability company. b. A proprietary no liability company c. A public company limited by shares. d. A proprietary company limited by shares. a. A only. 'b.A and Be c. A and Ce d.A, B and C. 1