What happens if a company registered under this Act contravenes the requirements or conducts its affairs fraudulently? A. The Central Government may revoke the licence and direct the company to convert its status and change its name B. The company may be wound up or amalgamated with another company C. The company may be punishable with a fine or imprisonmenta.Only A & Bb.Only B &Cc.Only Cd.All A, B , C

What happens once the Registrar registers the documents and information filed for the incorporation of a company? A. The company is issued a certificate of incorporation B. The company is allotted a corporate identity number C. The company must maintain copies of all filed documents at its registered officea.Only Ab.Only Bc.Only Cd.All A, B , C

A person dealing with a company: Select one: a. Will lose their entitlement to rely on the statutory assumptions set out in s 129 of the Corporations Act 2001 (Cth) if they have actual knowledge that contradicts an assumption. b. Has a right to rely on the statutory assumptions in s 129 of the Corporations Act 2001 (Cth) in all situations. c. Will not be able to enforce the transaction where the agent of the company has been fraudulent or dishonest, even if they were unaware the person they were dealing with had been fraudulent or dishonest. d. Must undertake independent inquiries before entering into a transaction with the company.

What or whom prevents companies to be an accomplice of illicit trade?1 pointThe company’s official registrationThe company’s accountantsThe company's corporate social responsibility

If a corporation does not formally organize and commence its business within five (5) years from the date of its incorporation, its certificate of incorporation shall be deemed revoked as of the day following the end of the five (5) year-period.Group of answer choicesTrueFalse

A business experiences an attack. As a result, its critical business operations are interrupted and it faces regulatory fines. What type of consequence does this scenario describe?1 pointFinancialPracticalReputationIdentity