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    Question

    Section 3(1): A company may be formed “for any lawful

    purpose”. Consider:  (1) An unlawful object renders incorporation void. (2) Companies can be formed for charity and commerce alike. (3) Illegal objects can be cured by alteration of MOA. (4) The minimum number for private company is 2.
    A 1, 2, 4 Correct Answer Incorrect Answer
    B 2 and 3 Correct Answer Incorrect Answer
    C 1 only Correct Answer Incorrect Answer
    D 1, 2, 3 Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Illegal objects cannot be cured later (3 incorrect). (4) is correct under private company definition.

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