Multiple choice

Which of the following is the wrong statement?

  1. Articles of Association mention the rate of interest on call-in-advance.

  2. Articles of Association mention the rate of interest on call-in-arrears.

  3. Rules of forfeiture are mentioned in Articles of Association.

  4. Articles of Association empowers the shareholders to accept surrender of shares.

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Articles of Association empowers the directors to accept surrender of shares.