KASNEB Company law - Question 1a

Enumerate FOUR limitations of a private limited company. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 2b

Explain FIVE requirements for maintenance of capital under the Companies Act in your country. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 3b

Highlight SIX ways in which a company in your country can raise capital from the public. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 4a

Analyse FIVE circumstances when the liability of a company secretary could arise. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 6b

Summarise the procedure for voluntary liquidation in a company. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 6c

Explain FIVE differences between company administration and company receivership. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 7a

State FOUR consequences of an adverse inspector's report. ... [Click to view full question and step-by-step solution]

August 2025

1a

Nature and classification of companies

Enumerate FOUR limitations of a private limited company.

1b

Membership of a company

Failure to maintain an accurate register of members can lead to several legal consequences to a company.

Outline SIX of these consequences.

1c

Formation of companies

In relation to formation of companies in your country, discuss FIVE differences between a memorandum of association and articles of association.

2a

Shares

In relation to shares of a company:

(i) Outline TWO differences between transfer of shares and transmission of shares.

(ii) Highlight SIX effects of share transfer.

2b

Share capital

Explain FIVE requirements for maintenance of capital under the Companies Act in your country.

3a

Company meetings

Identify FOUR ways in which the Companies Act ensures protection of minority shareholders during company meetings.

3b

Share capital Debt capital

Highlight SIX ways in which a company in your country can raise capital from the public.

3c

Company Directors

A company director at XYZ Ltd. gains access to confidential financial information revealing that the company is about to sign a lucrative contract with a major partner. Before the news becomes public, the director buys significant shares in the company. The deal is announced a week later, causing the share price to rise sharply.

Required

Evaluate FIVE strategies through which XYZ Ltd. could prevent insider trading in future cases involving directors.

4a

The Company Secretary

Analyse FIVE circumstances when the liability of a company secretary could arise.

4b

Auditors

ABC Ltd's auditor, Mary Keplimo, requested access to some of the company’s data to complete the annual audit. Despite multiple attempts, the management denied her access, citing confidentiality concerns. Mary reminded the management that her rights are protected under the law.

Required:

Explain to the management FIVE rights that Mary Keplimo reminded them about.

5a

Company accounts

Explain the following in relation to company accounts:

(i). TWO responsibilities of directors.

(ii). FOUR contents of a company’s books of accounts.

5b

Company accounts

You have been outsourced as a consultant to assist XYZ Trading Ltd. file its annual returns. The CEO of the company has requested you to make a presentation about the legal obligations of the company regarding filing of annual returns to the new members of the internal audit department to ensure knowledge transfer.

Explain FIVE points that you could include in your presentation.

6a

Company Investigation

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.

6b

Receivership, Administration, Liquidation and Dissolution of companies

Summarise the procedure for voluntary liquidation in a company.

6c

Receivership, Administration, Liquidation and Dissolution of companies

Explain FIVE differences between company administration and company receivership.

7a

Company Investigation

State FOUR consequences of an adverse inspector's report.

7b

Corporate restructuring

Outline SIX strategies that public companies might use to manage employees concerns during a merger.

7c

Foreign Companies

Global Tech Ltd., a foreign company, began operations in Kenya without obtaining a registration certificate as required by law.

Required:

Evaluate FIVE implications of this scenario on Global Tech Ltd.

August 2025

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