Memorandum Of Association Clauses

Summary

The memorandum of association typically includes clauses like the subscription and name clauses, but not the restriction clause. Promoters play a crucial role in forming companies, as supported by CAMA 2020. The Articles of Association can modify statutory provisions for company meetings. In creditors voluntary winding up, nominating the secretary as a winding-up team member is not standard. Federal High Court has exclusive jurisdiction over company proceedings in Nigeria. Promoters are not entitled to remuneration without a specific agreement. Job evaluation ranks jobs based on content, and management style affects communication climate. Herzbergs two-factor theory explains motivation. Organizational decisions impact both companies and individuals.

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Anyone who undertakes to take part in forming a company with reference to a given project including a person that acts in a professional capacity in the formation of the company is a promoter
It seems like you are providing information on company law and the role of a promoter. If you need more details or have a specific question about company law, feel free to ask. For example, are you looking for information on the duties and liabilities of a promoter in Lagos?
Anyone who undertakes to take part in forming a company with reference to a given project including a person that acts in a professional capacity in the formation of the company is a promoter Question 9Answer a. It depends b. CAMA * supports this view c. Agree d. do not agree
It seems like you are looking for the correct answer to a question about company law and the role of a promoter. According to the Companies and Allied Matters Act (CAMA) * in Nigeria:
b. CAMA * supports this view.
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Although the law is clear on the length of notice required for the various types of meetings of a company, including statutory and general meetings. However, the statutory provision can be sidestepped and disapplied by Question 10Answer a. the Articles b. the Board of directors c. the Shareholders d. the Court
For the question about sidestepping statutory provisions on notice for company meetings, the correct answer is:
a. the Articles
The Articles of Association can indeed modify statutory provisions regarding notice periods for company meetings.
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Of the following options, one of them is alien to the procedure for creditor\'s voluntary winding up______ Question 1Answer a. Summoning of a meeting of creditors b. Directors statement of the position of the company c. Nomination of the secretary as a member of winding up team d. Appointment of a liquidator and a committee of inspection
The correct answer is:
c. Nomination of the secretary as a member of winding up team
This option is not typically part of the procedure for creditor's voluntary winding up.
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Although Companies and Allied Matters makes provision for limited liability as well as limited partnerships, each state has a law regulating the relationship between partners Question 2Answer a. None of the options b. It is not known to law c. Agree d. Do not agree
It looks like you're preparing for a legal exam or quiz related to company law in Nigeria. Specifically, you mentioned the Companies and Allied Matters Act (CAMA) and its provisions for limited liability and partnerships.
For your query about state laws regulating partnerships, the correct answer is:
d. Do not agree
Under CAMA, the federal law generally governs partnerships, but states may have additional regulations. If you need more detailed information or have any other legal questions, feel free to ask!
The locus classicus in relation to the principe of corporate personality remains the interesting case of _____ Question 3Answer a. Salomon v Salomon & Co Ltd b. None of the options c. Dunlop Nigerian Ind Ltd v Forward Nigerian Ent Ltd & Fafore d. Caligara v Sartori Company Limited
Hi there! The correct answer is:
a. Salomon v Salomon & Co Ltd
This case established the principle of corporate personality, affirming that a company has its own legal identity separate from its shareholders.
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_ is the law as decided by the courts in the course of judicial pronouncements when cases are brought before it it for adjudication. Question 4Answer a. case law b. statutory instrument c. court record of proceedings d. arbitral proceedings
The correct answer to your question is:
a. case law
Case law is the law established by the outcome of former cases and judicial pronouncements.
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When a petition is presented for winding up, the Court considers it in its merit. Where an order is made, a copy thereof is made available to the Question 5Answer a. Commission b. creditors of the company c. Bankers of the company d. Company Secretary
Hi there! In the context of winding up a company, when the court makes an order, a copy of the order is typically made available to:
b. creditors of the company
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In the context of company proceeedings, which of the following courts has exclusive jurisdiction Question 6Answer a. High Court b. Company\'s Courts c. Federal High Court d. Court of Appeal
For company proceedings in Nigeria, particularly in Lagos, the court with exclusive jurisdiction is:
c. Federal High Court
This is because the Federal High Court has exclusive jurisdiction over matters related to the operation of companies under the Companies and Allied Matters Act (CAMA).
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One of the following is not entitled to remuneration even though he provided services for the company Question 7Answer a. promoter b. secretary c. agent d. director
The correct answer to the question is:
a. promoter
Promoters are generally not entitled to remuneration for their services unless there is a specific contract or agreement in place.
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One of the following is not entitled to remuneration even though he provided services for the company Question 7Answer a. promoter b. secretary c. agent d. director
Hi there! For the question about remuneration, the correct answer is:
a. promoter
A promoter is not entitled to remuneration unless there is a specific contract or agreement stating otherwise. Do you have any other questions related to company law or any other legal matters in Lagos?
The aim of __________________________is to establish some form of ranking of jobs, based on an explicit analysis of each jobs content Question 1Answer a. Job Ranking b. Job Rotation c. Job Description d. Job Evaluation
Hi there! The correct answer is:
d. Job Evaluation
Job evaluation aims to establish a ranking of jobs based on an analysis of each job's content.
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Personnel management is often viewed as a _________ activity aimed at non-managers. Question 2Answer a. vission b. policy c. management d. mission
Personnel management is often viewed as a management activity aimed at non-managers. The correct answer for your question is:
c. management
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______________________ is the driving force that stimulates an individual into action in order to achieve his or her organisations objectives Question 3Answer a. MBO b. Training c. Motivation d. Skill Acquisition
The correct answer to your question about the driving force that stimulates an individual into action to achieve their organization's objectives is:
c. Motivation
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A person specification is an extension of the ________ description. Question 4Answer a. employees b. job c. people d. management
The correct answer to your question is:
b. job
A person specification is an extension of the job description.
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The unitary perspective views the company and trade union loyalty as mutually exclusive. Question 5Answer a. None of the above b. True\' c. all of the above d. FALSE\'
It seems like you're asking about the unitary perspective in relation to company and trade union loyalty. The correct answer is:
d. FALSE
The unitary perspective does not view company and trade union loyalty as mutually exclusive.
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Management style is a critical factor in determining whether the communication climate is open and _____________ Question 6Answer a. complex b. flexible c. supportive d. close
Hey there! For the management style question, the correct answer is:
c. supportive
Management style is indeed a critical factor in determining whether the communication climate is open and supportive. If you have any other legal or business-related questions, feel free to ask!
____________________propounded two factors theory of motivation Question 7Answer a. Hertzberg b. Skinner c. Maslow d. Vroom
It looks like you're working on some quiz or exam questions related to business management and company law. For your current question:
The correct answer is:
a. Hertzberg
Frederick Herzberg propounded the two-factor theory of motivation, which involves hygiene factors and motivators.
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Organisations are affected by _________, and people are affected by organisations. Question 9Answer a. organization b. decisions c. people d. job
The correct answer to the question "Organisations are affected by _________, and people are affected by organisations." is:
b. decisions
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The following are the dimensions of strategic changes or transformations which in most cases are associated with grand or systemic strategies. They include the followings except; Question 1Answer a. Principled/Participatory Dimension b. Internal/External Dimension c. Diversity/Integrated Dimension d. Relatedness/Unrelatedness Dimension
Hi there! It seems like you're working on questions related to company law and management. For the question regarding dimensions of strategic changes or transformations, the correct answer is:
d. Relatedness/Unrelatedness Dimension
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Organisational structure assigns employees to specific value, creating tasks and roles, and specifies how these tasks and roles are to be performed, linked together in a way that increases efficiency, quality, ------------------------------------------? Question 2Answer a. Creativity and employee development b. Innovation and responsiveness to customers c. High productivity and profitability d. Creative and innovative management
Hi there! For the question on organizational structure, the correct answer is:
c. High productivity and profitability
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....is the extent to which a newly adopted strategy enlarges or complements the current business definition of an organisation in terms of customer groups, customer function, product class or technological alternative. Question 3Answer a. Verticalisation b. Horizontalisation c. Active Dimension d. Passive Dimension
Hi there! For the question about a newly adopted strategy enlarging or complementing the current business definition, the correct answer is:
b. Horizontalisation
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Strategic Managers make use of market development when they feel that existing products would be well received by new customer groups, while product development is preferred when-------------------? Question 4Answer a. Existing products are no longer meeting the needs of the firms customers. b. The market demand of an existing product surges up without the firm being able to meet up. c. When the businesss strengths are in creative product design or unique production technologies. d. Existing customers are believed to have an interest in products related to the firms current lines.
Hey there! For your question on when product development is preferred, the correct answer is:
c. When the business's strengths are in creative product design or unique production technologies.
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According to Glueck (*) the products of a business strategy evaluation are answers to these questions except; Question 6Answer a. Are the major policies and plans appropriate? b. Do the results obtained to-date confirm or refute critical assumptions on which the strategy rests? c. Are the objectives of the business appropriate? d. Are the goals and results of the policy actions reflecting in the business output?
Hi there! For your question regarding Glueck's (*) products of a business strategy evaluation, the correct answer is:
d. Are the goals and results of the policy actions reflecting in the business output?
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The attention given to organisational sub-systems can be related to developments in management thinking and --------------------------? Question 7Answer a. Employee Performance b. Business Policy c. Organizational Behaviour d. Strategy and Structure
Hi there! For the question about the attention given to organizational sub-systems related to developments in management thinking, the correct answer is:
c. Organizational Behaviour
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Evaluation of strategic alternatives under risky environment assumes that the strategist has a partial knowledge of outcomes of decision alternatives. The common techniques of analysis in this consideration include except: Question 8Answer a. The calculation of Expected Maximum Value b. Directional Policy Matrix c. The trade or economic cycle analysis Matrix d. The Boston Consulting Group matrix
Hi there! The correct answer to your question on the common techniques of analysis under risky environments is:
a. The calculation of Expected Maximum Value
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The choice of evaluation technique by a strategist should always fit the environmental situation of a company, but the strategist must never lose sight and consideration of-------------------------? Question 9Answer a. Environmental factors b. Aggressive factors c. Subjective factors d. Motivational factors
Hello! For the question about what a strategist must never lose sight and consideration of, the correct answer is:
d. Motivational factors
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