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Company Law Question Paper

Company Law

Course:Cpa Part Ii

Institution: Royal Business School question papers

Exam Year:2011

CPA SECTION IV

COMPANY LAW

QUESTION ONE

a. Identify the preliminary matters to be settled prior to the registration of companies (8mks)

b. Outline the various circumstances under which the corporate personality of the company may be ignored under the statute (12mks)

QUESTION TWO

a. Identify the circumstances under which a company is considered a subsidiary of another (6mks)

b. Highlight the various reasons that may necessitate a company to amend its object clause (6mks)

c. Outline the various ways in which the promoters of a company may be remunerated (8mks)

QUESTION THREE

a. In what ways may companies raise capital from the members of the public (6mks)

b. Write short notes on the following:
i. Conversion issue (3mks)
ii. Script issue (3mks)

c. Outline the various restrictions on allotment of shares (8mks)

QUESTION FOUR

a. To what purposes may a share premium realized in the issue of shares at a premium be applied to (8mks)

b. Identify the various rules relating to call on shares (12mks)

QUESTION FIVE

a. Generally companies do not grant loans to its directors; identify the exceptional circumstances under which companies are allowed to grant such loans (8mks)

b. Outline the procedure followed in removing a director from office (12mks)

QUESTION SIX

a. Identify the routine duties of the company secretary (6mks)

b. Identify the various circumstances under which directors are exempt from preparing group accounts (6mks)

c. Outline the rules governing disclosure of interest by directors in contracts engaged into by the company (8mks)

QUESTION SEVEN

a. Identify the various persons who may petition the court to wound up a company (8mks)

b. Outline the objects of administration of companies in financial difficulties (6mks)

c. Outline the consequences of a winding up order (6mks)

Company Law Question Paper

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