Tribunal - Marvel Education

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Practice Reading: Fill in The Blanks (Drag & Drop) ID: #46724 Tribunal

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For a company wanting to convert itself from to a private company simply passing a special resolution is not enough. The company will have to the consent and approval of the Tribunal. Further, a copy of the special resolution must be filed with the Registrar of Companies within 30 days of it. Further, a company must then file a copy of the , new articles of association, as well as the approval order of the Tribunal with the Registrar of Companies 15 days of the order being received.

outline within understand further altered public acquire passing

Result:

A.I. Explanation:

Correct answer: public
Explanation: The term 'public' is an adjective that describes the type of company being referred to. In this context, it indicates that the company is currently publicly traded, which is relevant to the process of converting to a private company.
Meaning: 'Public' refers to a company whose shares are traded on the stock market and are available for the general public to buy.
Wrong options:
outline: 'Outline' is a noun that refers to a general description or plan, which does not fit grammatically or contextually in this sentence.
understand: 'Understand' is a verb that means to grasp the meaning of something, which does not fit the context of describing a company's status.
further: 'Further' is an adverb that means to a greater degree or extent, which does not describe the type of company.
passing: 'Passing' is a gerund that refers to the act of moving past something, which does not describe the company's status.
acquire: 'Acquire' is a verb that means to obtain or gain, which does not fit as a descriptor for the company's type.
Correct answer: acquire
Explanation: The verb 'acquire' fits grammatically as it indicates the action the company must take to obtain consent and approval. It aligns with the context of needing to gain permission from the Tribunal.
Meaning: 'Acquire' means to obtain or gain something, in this case, the necessary consent and approval.
Wrong options:
understand: 'Understand' is a verb that means to grasp the meaning of something, which does not fit the context of obtaining consent.
further: 'Further' is an adverb that does not convey an action related to gaining approval.
public: 'Public' is an adjective that describes a type of company, not an action that can be taken.
passing: 'Passing' is a gerund that refers to the act of moving past something, which does not fit the context of obtaining consent.
outline: 'Outline' is a noun that refers to a general description or plan, which does not fit as an action.
Correct answer: passing
Explanation: The gerund 'passing' fits grammatically as it describes the action of the special resolution being enacted. It is contextually appropriate as it refers to the act of passing the resolution that must be filed.
Meaning: 'Passing' refers to the act of officially approving or enacting something, in this case, the special resolution.
Wrong options:
within: 'Within' is a preposition that indicates a time frame but does not describe an action related to the resolution.
public: 'Public' is an adjective that describes a type of company, which does not fit in this context.
acquire: 'Acquire' is a verb that means to obtain, which does not fit as it does not describe the action of the resolution.
further: 'Further' is an adverb that means to a greater degree or extent, which does not describe the action of passing.
outline: 'Outline' is a noun that refers to a general description or plan, which does not fit as an action.
Correct answer: altered
Explanation: The adjective 'altered' fits grammatically as it describes the new articles of association that have been changed. It is contextually relevant as it indicates that the articles must be updated to reflect the company's new status.
Meaning: 'Altered' means changed or modified, in this case, referring to the articles of association that have been revised.
Wrong options:
public: 'Public' is an adjective that describes a type of company, which does not fit as a descriptor for the articles.
further: 'Further' is an adverb that does not describe the articles and does not fit in this context.
acquire: 'Acquire' is a verb that means to obtain, which does not fit as it does not describe the articles.
passing: 'Passing' is a gerund that refers to the act of moving past something, which does not fit as a descriptor for the articles.
outline: 'Outline' is a noun that refers to a general description or plan, which does not fit as a descriptor for the articles.
Correct answer: within
Explanation: The preposition 'within' fits grammatically as it indicates the time frame in which the company must file the documents. It is contextually appropriate as it specifies the deadline for filing after receiving the order.
Meaning: 'Within' means inside a specified period of time, indicating the timeframe for filing the documents.
Wrong options:
public: 'Public' is an adjective that describes a type of company, which does not fit as a time frame.
further: 'Further' is an adverb that means to a greater degree or extent, which does not indicate a time frame.
acquire: 'Acquire' is a verb that means to obtain, which does not fit as a time frame for filing.
passing: 'Passing' is a gerund that refers to the act of moving past something, which does not fit as a time frame.
outline: 'Outline' is a noun that refers to a general description or plan, which does not fit as a time frame.

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