CIMA Fundamentals of Ethics, Corporate Governance and Business Law BA4 Question # 181 Topic 19 Discussion
BA4 Exam Topic 19 Question 181 Discussion:
Question #: 181
Topic #: 19
Which of the following is incorrect?
A.
Subject to the company's Articles of Association, shareholder approval is not required to enable the company to borrow money.
B.
Subject to the company's Articles of Association, shareholder approval is not required to authorise the issue of shares direct to one person for a non-cash consideration.
C.
A company's Articles cannot provide that the Articles are unalterable.
D.
The Articles of Association may be altered by special resolution.
Chosen Answer:
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