KASNEB Company law - Question 1b

... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 5a

Highlight three ways in which a company might raise share capital. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 5b

Summarise four types of share capital. ... [Click to view full question and step-by-step solution]

KASNEB Company law - Question 7b

Summarise four strategies that a company might employ against hostile take-overs. ... [Click to view full question and step-by-step solution]

November 2019

Q: KASNEB Company law - Question 2a

With reference to formation of companies:(i) Explain the meaning of the term 'promoter'. (ii) Highlight three fiduciary duties of a promoter of a company. (i... [Click to view full question and step-by-step solution]

Q: KASNEB Company law - Question 2b

With reference to external auditors:(i) Highlight four ways in which the remuneration of the Company Auditor might be fixed. (ii) Discuss three remedies avai... [Click to view full question and step-by-step solution]

Q: KASNEB Company law - Question 4a

With reference to company meetings:.(i) Outline four purposes of holding company general meetings.(ii) Distinguish between 'voting by a show of hands' and '... [Click to view full question and step-by-step solution]

Q: KASNEB Company law - Question 4b

In relation to transfer and transmission of shares:(i) Describe four effects of a share transfer. (ii) Explain two consequences of a forged transfer.... [Click to view full question and step-by-step solution]

1a

Membership of a company

In relation to the membership of a company:

(i) Highlight six ways through which a person might cease to become a member of a company.

(ii) Outline four rights of a member in relation to meetings of a company.

1b

Company Directors

2a

Formation of companies

With reference to formation of companies:

(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.

2b

Auditors Audit of Company Accounts

With reference to external auditors:

(i) Highlight four ways in which the remuneration of the Company Auditor might be fixed.

(ii) Discuss three remedies available to a company whose auditor has been negligent.

3a

Nature and classification of companies

A company is a legal person and is distinct from its members. This principle is regarded as a curtain, a veil or shield between the company and its members. This veil can be lifted by the Courts and statutes.

Describe the circumstances for lifting of the veil by:

(i) The Courts.

(ii) The Statutes.

3b

Company Investigation Company accounts

(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.

4a

Company meetings

With reference to company meetings:

.(i) Outline four purposes of holding company general meetings.

(ii) Distinguish between "voting by a show of hands" and "voting by poll".

4b

Shares Share capital

In relation to transfer and transmission of shares:

(i) Describe four effects of a share transfer.

(ii) Explain two consequences of a forged transfer.

5a

Share capital

Highlight three ways in which a company might raise share capital.

5b

Share capital

Summarise four types of share capital.

5c

Debt capital Receivership, Administration, Liquidation and Dissolution of companies

Standard Limited issued a debenture to Finance Bank years ago. The debenture was described as a fixed and floating charge over all the assets of the company. However, due to inadvertence, the charge was not dated or registered within time. The company is now in liquidation and the loan is in arrears. Finance Bank seeks your legal advice on whether it can rely on the charge to prove its claim in liquidation proceedings ofthe company.

Advise Finance Bank.

6a

The Company Secretary

(i) Describe six powers and duties of the Company Secretary of a company.

(ii)Summarise four breaches and omissions of duty by a Company Secretary which might lead to being penalised.

6b

Foreign Companies

With specific reference to foreign companies:

(i) Outline four changes that a foreign company must give notice of.

(ii) The foreign companies' regulations may provide for the registration of specified charges over property.

Summarise three provisions that might be contained in the above regulations.

7a

Receivership, Administration, Liquidation and Dissolution of companies

With reference to liquidation of companies:

(i) Outline two powers of the Liquidator exercisable with the sanction of the court.

(ii) Highlight five grounds for compulsory liquidation by the Court.

7b

Corporate restructuring

Summarise four strategies that a company might employ against hostile take-overs.

November 2019

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