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Please assits with law question just answers no explanation needed Before the Companies Act of 2004 (Jamaica) a company could be formed by filing with
Please assits with law question just answers no explanation needed
Before the Companies Act of 2004 (Jamaica) a company could be formed by filing with the Registrar: Select one: 3. The Articles of Association and the Memorandum of Association b. The Certificate of Incorporation and the Articles of Association " The Articles of Association and the Declaration of Shares d. The Articles of Incorporation and the Memorandum of AssociationThe Bubble Act was passed in order to: Select one: 3. To enable the formation of 'deed of settlement companies, i.e. companies whose assets were held in a trust fund. P. Prohibit any company from acting as a body corporate and from raising transferable stocks and shares without the legal authority of a Royal Charter or Act of parliament. O C. Make incorporation and limited liability available to any company mustering seven (7) subscribers. O d. Bring about a statutory scheme for partnerships.Two legal classifications of companies are: Select one: O a. (1) government or charitable and (2) profit or non-profit O b. (1) small or large and (2) local or overseas O c. (1) limited or unlimited and (2) private or public d. (1) manufacturing or service and (2) financial or non-financialDoes the existence of corporate personality automatically mean there is limited liability? Select one: Oa. Yes because the Companies Act says that a company has the rights powers and privileges of an individual. P. No because once a company fails the court will, in all cases, lift the veil. " Yes because this was firmly established in Salomon v A Salomon & Co Ltd. " No because the law allows a company to be registered as an unlimited company.Loan capital commercial finance providers and investors, holding debentures and fixed charges will: Select one: 3. Always have a vote at a general meeting of the company due to their financial investment in the company. . Receive dividends if the company makes a profit and the directors declare a dividend. 6 Be ranked above shareholders on a winding up. d Have preemptive rights when the company makes a new issue of sharesStep by Step Solution
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