What is the minimum age, if any, from which an individual may serve as a companydirector?
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1 .Under the Companies Act 2006 who can enforce the general duties owed by a director?(1) The majority shareholders.(2) The company.(3) Individual directors.
A 1 and 2 only B 2 only C 2 and 3 only D 3 only
2 .Exactly 100 members attended the annual general meeting of JKL plc.Assuming no postal votes were submitted, how many members would have beenrequired to support a resolution to remove a director of the company?
A 50 B 51 C 75 D 76
3 .Jack has acted in breach of his duty as a director of JK Ltd. The breach does not amount tofraud on the minority.Which ONE of the following is correct?
A The breach cannot be ratified by the members B The breach may be ratified by a written or ordinary resolution C The breach may be ratified by a resolution of the board of directors
4 .To which of the following are directors’ duties owed?(1) The company as a whole.(2) Current individual shareholders.(3) All the present and future individual shareholders.
A 1 only B 2 only C 1 and 2 only D All of the above
5 .In which of the following circumstances can a director’s appointment be terminated?
A Personal bankruptcy B Personal illness C Death of spouse
7 .What is the minimum number of directors for private and public limited companies?
A Private One；Public One B Private One；Public Two C Private Two；Public Two D Private Two；Public Three
8 .Stavros was the chief executive officer (CEO) of TTT Ltd, but resigned in order to establishhis own company. Once the company was formed, he tendered successfully for a contract ofwhich he became aware when attending a confidential meeting on behalf of TTT Ltd in hiscapacity as CEO. Stavros’ new company made a substantial profit.Which of the following is a consequence of Stavros’ actions?
A Any profit made by the new company can be claimed by TTT Ltd B Stavros was entitled to form the new company and accept the tender, so TTT Ltdhas no recourse C Stavros can be prosecuted for his use of confidential information after leaving TTTLtd D Stavros has no liability as his company has a sepa...
9 .Under the Companies Act 2006, which of the following is a correct statement about theposition of shadow directors?
A It is illegal to act as a shadow director B Particulars of shadow directors must be registered with the Registrar of Companies C A shadow director has the same obligations as a de facto director of the company
10 .Which of the following statements about advice given by an auditor is correct?(1) Auditors who provide negligent advice may be held liable for breach of contract bythe company which appointed them.(2) Auditors who provide negligent advice to the company which appointed them maybe held liable for breach of contract by the company and its individual shareholders.(3) Auditors who provide advice to an individual and know how the advice will be usedmay be held liable if they are negligent in giving that advice.
A 1 only B 1 and 2 only C 1 and 3 only D 2 and 3 only
