At Risk Self-Evaluation-Test
1) Choose the correct answer: An “unemancipated minor” in section 69 of the Companies Act
refers to:
a) Someone who is 20 years old and dependent financially on his / her parents
b) Someone below the age of 18 who is financially independent and self-reliant for major
decisions
c) Someone below the age of 18 who is financially dependent and not yet mature enough
to make major decisions
d) Anyone below the age of 21
e) None of the above
2) Choose the correct answer: An “juristic person” in section 69 of the Companies Act refers
to:
a) A legal person that owns assets, has liabilities, employs workers and has entered into
contracts with suppliers
b) A legal person that is not allowed to have any liabilities
c) Someone who works in the legal profession
d) A and B above
e) None of the above
3) Choose the correct answer: An “unrehabilitated insolvent” in section 69 of the Companies
Act refers to:
a) Someone who is insolvent and has not yet recovered from his / her insolvency
b) Someone who has not yet recovered from an addiction to alcohol, drugs, gambling, etc
c) Someone who has never been financially insolvent
d) Someone who was previously insolvent but has now recovered and his / her financial
affairs are in order
e) C and D above
4) Choose the correct answer: Persons convicted under the following laws are not allowed to
be directors of a company:
a) Income Tax Act
b) Competitions Act
c) Value Added Tax Act
d) Public Finance Management Act
e) All of the above
5) Choose the correct answer: A current company director who becomes disqualified from
being a director must:
a) Continue being a director until the end of the company’s current financial year then
resign from directorship
b) Continue being a director until his / her term of office ends then resign from directorship
c) Immediately resign from directorship
d) Immediately resign from directorship but can still assist the company with some director
functions
e) None of the above
1) Choose the correct answer: An “unemancipated minor” in section 69 of the Companies Act
refers to:
a) Someone who is 20 years old and dependent financially on his / her parents
b) Someone below the age of 18 who is financially independent and self-reliant for major
decisions
c) Someone below the age of 18 who is financially dependent and not yet mature enough
to make major decisions
d) Anyone below the age of 21
e) None of the above
2) Choose the correct answer: An “juristic person” in section 69 of the Companies Act refers
to:
a) A legal person that owns assets, has liabilities, employs workers and has entered into
contracts with suppliers
b) A legal person that is not allowed to have any liabilities
c) Someone who works in the legal profession
d) A and B above
e) None of the above
3) Choose the correct answer: An “unrehabilitated insolvent” in section 69 of the Companies
Act refers to:
a) Someone who is insolvent and has not yet recovered from his / her insolvency
b) Someone who has not yet recovered from an addiction to alcohol, drugs, gambling, etc
c) Someone who has never been financially insolvent
d) Someone who was previously insolvent but has now recovered and his / her financial
affairs are in order
e) C and D above
4) Choose the correct answer: Persons convicted under the following laws are not allowed to
be directors of a company:
a) Income Tax Act
b) Competitions Act
c) Value Added Tax Act
d) Public Finance Management Act
e) All of the above
5) Choose the correct answer: A current company director who becomes disqualified from
being a director must:
a) Continue being a director until the end of the company’s current financial year then
resign from directorship
b) Continue being a director until his / her term of office ends then resign from directorship
c) Immediately resign from directorship
d) Immediately resign from directorship but can still assist the company with some director
functions
e) None of the above
