) Enumerate the circumstances under which the court may order the winding up of a company on a just and equitable ground.
1.(a) Explain the concept “capital of limited company” as used in company law.(4 marks) (b) Distinguish between share and stock.(4 marks) br> (c) The Companies Act restricts a company from issuing shares at a discount.Identify and explain the restrictions.(12 marks) 2.(a) Explain the proprietary rights of a member in a company.(10 marks) (b) Rita applied […]
Give the circumstances under which a special notice would be required with respect to company meetings.
1.(a) Explain the concept “capital of limited company” as used in company law.(4 marks) (b) Distinguish between share and stock.(4 marks) br> (c) The Companies Act restricts a company from issuing shares at a discount.Identify and explain the restrictions.(12 marks) 2.(a) Explain the proprietary rights of a member in a company.(10 marks) (b) Rita applied […]
Identity the different types of meetings that may be held by public limited companies
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A person who lends on the security of a specific mortgage of a company’s property is always entitled to repayment on his loan out of the proceeds of the sale of the mortgaged property.This is done before any other creditor receives any payment.A person who takes a floating charge is not in such a secure position. Why is the holder of a floating charge in a less favorable position?
1. Explain the statement that “a company is a legal entity quite separate from the persons who constitute it”.(4 marks) Discuss the circumstances under which a corporate veil of incorporation may be lifted.(8 marks) Angela is employed as a managing of Eclipse Ltd.The main object of Eclipse Ltd.is to retail hair products.Angela’s contract of employment […]
What happens to a floating charge when it crystallizes
1. Explain the statement that “a company is a legal entity quite separate from the persons who constitute it”.(4 marks) Discuss the circumstances under which a corporate veil of incorporation may be lifted.(8 marks) Angela is employed as a managing of Eclipse Ltd.The main object of Eclipse Ltd.is to retail hair products.Angela’s contract of employment […]