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Across
  1. 2. What major financial structure do companies rely on for capital and growth?
  2. 5. What is the term used in Islamic law for arbitration?
  3. 8. An audit firm can be structured as a body corporate, a partnership, or an independent ................
  4. 10. What is a legal proceeding initiated by a company that is unable to meet its financial obligations?
  5. 13. Document issued by a carrier to acknowledge receipt of goods for shipment, serving as a title to the goods and evidence of contract of carriage
  6. 16. A negotiable financial instrument that can take the form of a single issuance, a series, or stock, enabling lenders to enforce their rights even during company liquidation.
  7. 17. Identified in company law, this role involves managing corporate affairs with both actual and apparent authority
  8. 18. The right of a promoter to recover expenses or seek indemnity from the company if agreed upon in its constitution
  9. 19. This contractual clause can restrict a company's operational scope but is often rendered ineffective for external dealings under statutory third-party protections in the Companies Act 2006.
  10. 20. The Companies Act mandates this numerical threshold as the starting point for individuals to assume responsibility for directing corporate affairs.
Down
  1. 1. What is the primary mechanism for resolving disputes in court-based adjudication?
  2. 3. A legal mechanism used to secure repayment of debts, tied to specific assets, and prioritized over other claims during liquidation if properly registered.
  3. 4. The state of information when it becomes accessible to the general public
  4. 6. Legal identity granted to a company separate from its members, allowing it to own property and incur debts
  5. 7. The legal body or group responsible for managing a company's affairs.
  6. 9. What is the term for international legal principles that govern the sale of goods?
  7. 11. Legal entity formed when two or more individuals agree to run a business together, sharing profits and liabilities
  8. 12. The legal body or group responsible for managing a company's affairs.
  9. 14. Legal term describing a situation where a principal is prevented from denying an agent's authority due to the principal's representation to a third party
  10. 15. Which government official can assign auditors if the members fail to do so?