CAF-4 · Chapter 20 · Question 3 of 15
When a company decides to alter its share capital clause in the memorandum, such as sub-dividing its shares, within what time frame must it file the resolution and altered copy with the registrar?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) 15 days
Explanation
The company shall file the resolution and the altered copy of the memorandum with the registrar within 15 days from the date of passing the resolution.
More Share capital and commencement of business MCQs
- Q5In a company limited by shares, the share capital represents capital introduced into the company by the:
- Q6What is another legally recognized term used for 'Ordinary shares'?
- Q7Normally, what voting rights do standard ordinary shareholders hold at the general meetings of a company?
- Q8What is the underlying rationale for a company to issue different classes of shares with varying voting rights?
- Q9Which of the following is a mandatory requirement for a public company to obtain a certificate of commencement of business?