1.1 The two main types of companies are companies with par value shares and companies with no par value shares. (2 marks) 1.2 The articles of association of a company constitute a contract between the Company and its directors. ( 2 marks) 1.3 Preference shareholder only have voting rights if their dividend are in arrears. (2 marks) 1.4 The quorum for a special resolution is 75% of the members present with voting rights. (2 marks) 1.5 A special resolution will lapse if not lodged with the Registrar within 7 days. (2 marks).