CIMA Fundamentals of Ethics, Corporate Governance and Business Law BA4 Question # 115 Topic 12 Discussion

CIMA Fundamentals of Ethics, Corporate Governance and Business Law BA4 Question # 115 Topic 12 Discussion

BA4 Exam Topic 12 Question 115 Discussion:
Question #: 115
Topic #: 12

Which of the following is correct in relation to a company's ability to have a restricted objects clause in its constitution?

(i) A company may restrict its objects in its constitution

(ii) Any clause restricting the company's objects should be included in the company's articles of association

(iii) The shareholders may pass a special resolution to alter the company's constitution by including a clause which restricts the company's objects


A.

(i) only


B.

(ii) only


C.

(i) and (ii) only


D.

(i), (ii) and (iii)


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