CAF-4 · Chapter 17 · Question 12 of 12
Tariq wishes to verify the internal regulations of Horizon Limited before investing. He asks the company for a copy of its Articles of Association but is not a member. Is the company bound to provide it to him?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) No, the company is only legally bound to forward a copy to its existing members upon request.
Explanation
The right to demand and receive a copy of the memorandum and articles of association directly from the company upon payment of a fee is specifically granted to the members of the company, not unconcerned outsiders.
More Memorandum and articles MCQs
- Q2If the registrar refuses a person's application for the reservation of a company name, what is the remedy available to the aggrieved person?
- Q3Which clause of the memorandum of association CANNOT be altered during the lifetime of the company?
- Q4When a company changes the situation of its registered office, what is the required time frame to notify the registrar?
- Q5If a member requests a copy of the memorandum and articles of the company and pays the prescribed fee, within what time period must the…
- Q6Whenever an alteration is made to the memorandum or articles of a company, what must the company ensure regarding future copies issued?