passwella.
Menu

JAMB Commerce 1995 Question 6

Question 6

Business Units

Which of the following information is contained in the Articles of Association of a limited liability company?

  1. A.Rights and obligations of directors
  2. B.Objectives of the company
  3. C.Amount of share capital
  4. D.Limitation of liability of shareholders.
Show the answer and explanation

Answer: A (Rights and obligations of directors)

Explanation

The Articles hold the internal rules, such as the powers and duties of directors. Objects, share capital and limited liability are in the Memorandum.