CIMA BA4 Questions Answers

If the promoters fail to submit Articles of Association to the Registrar of Companies, the company cannot be registered.

If the promoters fail to submit Articles of Association to the Registrar of Companies, the provisions of Table A automatically apply.

If the promoters fail to submit Articles of Association to the Registrar of Companies, the documents will be returned to the promoters with a request for Articles to be submitted.

If the promoters fail to submit Articles of Association to the Registrar of Companies, the company will be registered but will have no Articles of Association applicable to it.

To provide truthful and independent accounts of finances

To give financial judgments to owners and shareholders

To do a job and go home

To represent the life-cycle of accounts

Ensure that the company's board are all experienced and knowledgable about the company and the manufacturing industry.

Ensure that she duly holds AGMs so that any relevant issues can be discussed.

Ensure the company discloses both financial and non-financial information during its annual report.

Ensure the company discloses financial information only during its annual report.

Ensure that an AGM is held during each financial quarter so that any issues that have risen during the last three months are brought to attention.

Ensure that the company's board is as small as possible - a big board makes the decision-making process far too complicated.

If a company has restricted the ability of its directors to contact and the directors ignore the restrictions, then the outsiders may not enforce the contract.

The shareholders of a company have the ability to enter into a contract on behalf of the company, irrespective of any restrictions on the directors.

If a company wishes to restrict the ability of its directors to enter into particular contracts it may do so by placing restrictions on the directors in its

articles of association

If the shareholders learn that the directors are about to ignore the restrictions placed upon their ability to contract by the company the shareholders are unable to prevent the directors from proceeding