CPA › Company law › Company Investigation
Back to Unit

Company Investigation

Unit: Company law

Premium Topic Resources

Sign in to download the full Topic PDF and enable offline revision mode.

Login to Access
Join the community! 550+ students upgraded in the last 24 hours. Limited Discount Seats Available

Practice CPA Company law Company Investigation questions with detailed answers and explanations.

Access past exam questions by topic, improve your understanding, and download PDF for offline revision.

April 2026

 1 Questions
Question 5
​​​​​(a) Explain THREE circumstances in which inspectors may be appointed to investigate the affairs of a company.   
 
(b) Analyse THREE advantages of corporate restructuring through a merger. 
 
(c) Agroline Ltd. is a private company limited by shares. Over the last two years, the company has suffered continuous financial losses and is unable to pay its debts as they fall due. Several creditors have served formal demands, but the company has failed to settle the amounts due. The creditors are now considering legal action against the company. 
 
Required: 
(i) With reference to Agroline Ltd., financial position distinguish between “administration” and 
“liquidation” as insolvency procedures that may be applied to the company.  
 
(ii) Explain TWO legal implications of a liquidation petition presented against the company by its creditors. 


Answers and Explanations are locked.

Login to View Answer

December 2025

 1 Questions
Question 6a
​​Outline FOUR reasons for an investigation into the affairs of a company.


Answers and Explanations are locked.

Login to View Answer

August 2025

 2 Questions
Question 7a
​​State FOUR consequences of an adverse inspector's report.


Answers and Explanations are locked.

Login to View Answer
Question 6a
​​The law allows the court to appoint an investigator to investigate the affairs of a company and to determine who may be held responsible for paying the investigation expenses. 

 Highlight FIVE parties that might be liable for such expenses.


Answers and Explanations are locked.

Login to View Answer

April 2025

 1 Questions
Question 7b
​​In 2024, Zim Limited faced a decline in stock value amid allegations of financial misreporting. The company appointed an independent inspector with the power to examine company records, interview staff and audit financial statements. The investigations revealed fraudulent reporting by senior finance employees, leading to immediate dismissal of some employees and reforms in the company’s internal controls. 

 Required: 
 Explain FIVE reasons why the appointment of the independent inspector would prevent the issue from escalating.


Answers and Explanations are locked.

Login to View Answer

December 2024

 1 Questions
Question 6c
​​Discuss SIX powers of an inspector appointed to investigate affairs of a company.


Answers and Explanations are locked.

Login to View Answer

August 2024

 1 Questions
Question 6a
​​Outline FIVE circumstances under which the Registrar of Companies may order an investigation into the affairs of a company.


Answers and Explanations are locked.

Login to View Answer

April 2024

 1 Questions
Question 7b
​Examine SIX circumstances under which an inspector may be appointed by a regulatory authority to investigate the affairs of a company.


Answers and Explanations are locked.

Login to View Answer

December 2023

 1 Questions
Question 4c
​​In relation to company investigations: 

(i) Examine FIVE circumstances under which an investigation may be initiated. 

(ii) Summarise FIVE potential outcomes or recommendations from an investigation into a company's affairs.


Answers and Explanations are locked.

Login to View Answer

August 2023

 1 Questions
Question 5a
​​In relation to investigation of company affairs: 
 (i) Explain the purpose of an investigation into a company's affairs under company law.

(ii) Identify FOUR parties that have the authority to initiate an investigation of a company's affairs under company law. 

(iii) Highlight SIX consequences of an adverse finding from investigation of a company's affairs.


Answers and Explanations are locked.

Login to View Answer

April 2023

 1 Questions
Question 4d
​​Identify THREE ways in which the appointment of a Court appointed inspector may be terminated.


Answers and Explanations are locked.

Login to View Answer

December 2022

 1 Questions
Question 7b
​​Identify FIVE instances when a court may appoint one or more competent inspectors to investigate the affairs of a company.


Answers and Explanations are locked.

Login to View Answer

August 2022

 1 Questions
Question 6a
​​In relation to company investigations: 

(i) Explain the legal effect of an inspector’s report. 

(ii) Explain two duties of the management of a company during company investigations. 

(iii) Summarise three types of proceedings which might result from the inspector’s report of a company’s investigation.


Answers and Explanations are locked.

Login to View Answer

April 2022

 1 Questions
Question 7a
​​Explain four circumstances that would give rise to the appointment of an inspector to investigate the affairs of a company.


Answers and Explanations are locked.

Login to View Answer

Pilot December 2021

 2 Questions
Question 6b
​​Explain which court appoints an inspector to investigate a company’s affairs and what circumstances may lead to such an appointment.


Answers and Explanations are locked.

Login to View Answer
Question 7
​​With respect to investigation of a company’s affairs and mergers: 

(a) Identify the court that has powers to appoint an inspector. 

(b) Describe six circumstances that might lead to such an appointment in (a) above. 

(c) Discuss the types of information that should be contained in the draft terms of scheme for a proposed merger


Answers and Explanations are locked.

Login to View Answer

December 2021

 2 Questions
Question 5c
​​Describe five powers of an inspector appointed to investigate the affairs of a company.


Answers and Explanations are locked.

Login to View Answer
Question 5b
​​Describe five circumstances under which the registrar may order an investigation into the affairs of a company.


Answers and Explanations are locked.

Login to View Answer

May 2021

 1 Questions
Question 3a
​​With specific reference to derivative actions:

(i) Define the term "derivative claim".

(ii) Identify two causes of action with respect to which a derivative claim might arise.

(iii) Highlight three outcomes that might arise upon the court hearing the application of a derivative claim. 


Answers and Explanations are locked.

Login to View Answer

November 2020

 1 Questions
Question 3b
​​Discuss the powers of the Office of the Attorney-General (OAG) in the appointment of an investigator of company affairs and ownership.


Answers and Explanations are locked.

Login to View Answer

November 2019

 1 Questions
Question 3b
​​(i) In relation to company investigations, outline four powers of an inspector appointed to investigate the affairs of a company. 

(ii) Describe four types of content to be stated in an annual return of a company.


Answers and Explanations are locked.

Login to View Answer

May 2019

 1 Questions
Question 6b
​​With regard to company accounts, audit and investigation: 

(i) Specify three categories of members who might apply to the court for appointment of company inspectors to investigate the affairs of the company. 

(ii) Enumerate seven requirements for group financial statements.


Answers and Explanations are locked.

Login to View Answer

November 2018

 1 Questions
Question 6a
​​In the context of company accounts, audit and inspection, highlight six individuals to whom the court might provide a copy of the inspector's report.


Answers and Explanations are locked.

Login to View Answer

May 2017

 1 Questions
Question 5a
​​ Discuss five powers of an inspector in the investigation of a company's affairs.


Answers and Explanations are locked.

Login to View Answer

November 2016

 1 Questions
Question 7a
​​ Discuss five circumstances under which a court might appoint one or more competent inspectors to investigate the affairs of a company.


Answers and Explanations are locked.

Login to View Answer

November 2015

 1 Questions
Question 2b
​​Describe persons who are responsible for meeting the expenses of an investigation by an inspector appointed by the court. 


Answers and Explanations are locked.

Login to View Answer

Pilot September 2015

 2 Questions
Question 6d
​​Outline three powers of an inspector appointed to investigate the affairs of a company.


Answers and Explanations are locked.

Login to View Answer
Question 3d
(i) Define the term "derivative action". 

(ii) Explain four characteristics of a derivative action.


Answers and Explanations are locked.

Login to View Answer
Related Topics