The Board of Directors of Bull's Eye L.imited, a private company, has resolved to allocate shares in the company and
has sought your legal guidance on the requirements to be satisfied before they can engage in the allotment of shares
exercise.
Advise the directors of Bull's Eye Limited on five circumstances under which they might exercise the powers of the
company to allot shares.
In the context of virtual general meetings, highlight five key considerations that a company should put in place for the
virtual conduct of general meetings.
Explain three items that the Registrar might include in a direction issued by him against a public company that fails
to appoint a Corporation Secretary.
With reference to registered foreign companies in your country.
(i) Explain the obligations of a foreign company.
(ii) Describe the liability of a local representative.
(iii) Identify four changes in information or documentation that a foreign company must notify the registrar within
a period of one-month time of their occurrence.
A company shall not apply any of its shares or capital money either directly or indirectly in payment of any
commission, discount or allowancee to any person.
With reference to the above statement, explain four circumstances when a company may pay a commission to a persen
from capital.
(i) Summarise four categories of persons who are deemed by law to be connected with a director.
(ii) Every company must keep a register of directors. Identify five types of particulars that must be kept with
respect to a director who is a natural person.
Receivership, Administration, Liquidation and Dissolution of companies
On forming the view that the company is or will be unable to pay its debts, the liquidator shall among other things
prepare a statement setting out the financial position of the company.
Describe five categories of information that a company's statement of financial position should contain.
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