solution

In relation to Botswana Company law, which one of the following is the odd one out?
a) Public companies (ltd)
b) Private companies(pty) ltd
c) Personal liability companies(inc)
d) Close Companies (CC)
6. In terms Companies Act of Botswana, the Abbreviation, “SOC” stands for:
a) Suitable offer complete
b) State owned company
c) State ownership and control
d) State on control
7. Which of the following is not true about companies limited by guarantee?

a) It’s purpose is not to make profit for its shareholders
b) If the company is liquidated, the assets must be transferred to a company with similar
purpose.
c) It promotes social activities
d) It’s shares are freely transferrable
8. In terms of companies Act of 2003, which one of the following is not true about the
future of close Companies?
a) Provision is made for close Companies to convert into companies,
b) Member’s interest does not include sharing of profits
c) Member’s investment is reflected as a percentage of member’s interest.
d) Upon registration of companies Act of 2003, it will no longer be possible to register
new close Companies.
9. Which of the following documents is not relevant for the formation of a company?
a) Notice of incorporation
b) Solemn declaration.
c) Registration certificate
d) Financial report
10. Which of the following is not correct about company constitution?
a) It is only formal constitutive document
b) It forms a contract between director and the company
c) It limits the powers of directors
d) It is written by the parliament of Botswana