KASNEB Company law - Question 1b

Summarise any FOUR legal duties of a company’s external auditor. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 1d

Outline FOUR contents of a certificate of incorporation of a company. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 2a

Distinguish between “participative preference shares” and “non-participative preference shares”. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 2d

Describe THREE types of company prospectuses. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 3b

Summarise SIX contents of a notice of a general meeting. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 3c

List FOUR fiduciary duties of company directors. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 4a

State SIX elements of proper accounting records under company law. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 4b

Highlight SIX offences relating to liquidation of companies. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 4c

Evaluate FOUR ways in which a company can reorganise its share capital. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 5b

Describe THREE reporting requirements for foreign companies operating in Kenya. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 6b

Discuss THREE advantages and THREE disadvantages of the principle of legal personality. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 7a

Describe FOUR types of opinions that can be issued in an Auditor’s report. ... [Click to view full question and step-by-step solution]

August 2023

1a

Formation of companies

Explain THREE ways in which persons intending to form a company may avoid personal liability on contracts they make on behalf of the proposed company.

1b

Auditors Audit of Company Accounts

Summarise any FOUR legal duties of a company’s external auditor.

1c

Company Directors

The general rule is that companies must not give loans to directors. However, there are certain circumstances under which a company can give loans to a director.

In relation to the above statement, examine THREE such circumstances.

1d

Formation of companies

Outline FOUR contents of a certificate of incorporation of a company.

2a

Shares Share capital

Distinguish between “participative preference shares” and “non-participative preference shares”.

2b

Company accounts

Highlight FOUR statutory registers that must be maintained and kept at the registered office of a company.

2c

Receivership, Administration, Liquidation and Dissolution of companies

A company can be wound up for failure to pay its debts. Explain to Edna Makena, one of the creditors of Ushindi Co. Ltd, THREE circumstances under which a company may be deemed unable to pay its debts

2d

Formation of companies

Describe THREE types of company prospectuses.

3a

Company accounts

Explain THREE pieces of information that a Director’s report must contain once a company has issued debentures in any financial year.

3b

Company meetings

Summarise SIX contents of a notice of a general meeting.

3c

Company Directors

List FOUR fiduciary duties of company directors.

3d

The Company Secretary

A private company need not have a company secretary.

Explain TWO ways in which service and actions are carried out when a private company elects not to have a company secretary.

4a

Company accounts

State SIX elements of proper accounting records under company law.

4b

Receivership, Administration, Liquidation and Dissolution of companies

Highlight SIX offences relating to liquidation of companies.

4c

Share capital

Evaluate FOUR ways in which a company can reorganise its share capital.

5a

Company Investigation

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.

5b

Foreign Companies

Describe THREE reporting requirements for foreign companies operating in Kenya.

6a

Corporate restructuring

In relation to corporate restructuring, explain the following terms:

(i) Compromises.

(ii) Arrangements.

(iii) Reconstructions.

(iv) Takeovers.

6b

Nature and classification of companies

Discuss THREE advantages and THREE disadvantages of the principle of legal personality.

7a

Audit of Company Accounts

Describe FOUR types of opinions that can be issued in an Auditor’s report.

7b

Membership of a company

With specific reference to beneficial ownership:

(i) Explain THREE criteria that a beneficial owner must satisfy.

(ii) State SIX particulars to be entered in the register of beneficial owners as prescribed by the regulations on beneficial ownership.

August 2023

Download Complete Period

Questions

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?