WAEC Commerce 1995 Question 5

Question 5

Business Units

Which of the following must be include in the Articles of Association?

  1. A.Voting rights of the shareholders
  2. B.The objects of the business
  3. C.The address of the registered office
  4. D.Statement that liability is limited
  5. E.List of types of shares
Show the answer and explanation

Answer: A (Voting rights of the shareholders)

Explanation

The Articles contain the internal rules, such as voting rights; the objects, registered office and limited liability are stated in the Memorandum.