Unit: Company law
Sign in to download the full Topic PDF and enable offline revision mode.
Login to Access(i) Explain the meaning of the term "promoter".
(ii) Highlight three fiduciary duties of a promoter of a company.
(iii) Outline two remedies to the company for breach of fiduciary duty by promoters.
(ii) Explain four consequential attributes that flow from incorporation of unincorporated associations.
(i) Explain the meaning of the term "articles of association".
(ii) Describe four effects of registration ofthe articles of association of a company.
(iii) Outline the provisions of the Companies Act which govern the alteration of the articles of association of a company.
(ii) Jairo Chai would like to start a company. He has approached you as a student of company law to guide him through the process.
With reference to the above statement, describe the procedure of registering a limited liability company.
(i) Describe the requirements that an application for registration must meet before the registrar can approve it.
(ii) Highlight the requirements that a certificate of registration must comply with.
(ii) Describe four legal rights of an incorporated company against promoters who sold their property to the company at a profit while it was in the process of formation.