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CIMA Exam CIMAPRA17-BA4-1 Topic 4 Question 88 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 88
Topic #: 4
[All CIMAPRA17-BA4-1 Questions]

Which of the following statements are correct regarding companies'?

1. Both public and private companies must have a minimum amount of share capital before they can commence trading.

2. The shareholders of both public and private companies cannot interfere in the management of the company.

3. The minimum number of directors for both public and private companies is two

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Suggested Answer: A

Contribute your Thoughts:

9 days ago
No way, statement 2 is definitely wrong. Shareholders definitely have a say in the management of the company, public or private.
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12 days ago
I think statement 1 is correct. Public companies definitely need to have a minimum share capital before starting operations.
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1 days ago
A) 1 only
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