Notes
Exams
Schemes of Work
Q&A
Video Lessons
Question Papers
Colleges
Universities
Courses
Resources
Login
|
Register
|
Jobs
Get premium membership
and access revision papers, questions with answers as well as video lessons.
Got a question or eager to learn? Discover limitless learning on WhatsApp now -
Start Now!
Company Law Question Paper
Company Law
Course:
Certified Public Accountant
Institution:
Kasneb question papers
Exam Year:
2010
KASNEB
COMPANY LAW
DECEMBER 2010
QUESTION ONE
a) A company is regarded a legal person, distinct from its members. The fact that a person holds all or substantially all of the shares in a company does not make the company's business that person's business in the eyes of the law.
Discuss the above statement. (12 marks)
b) Explain the legal provisions governing pre-incorporation contracts. (8 marks)
QUESTION TWO
a) Explain the meaning of the term "articles of association" as used in company law.
(4 marks)
b) Once signed and registered, the articles of association of a company have effects on both the shareholders and the company itself.
Describe these effects as provided in the Companies Act. (6 marks)
c) Outline the provisions of the Companies Act which govern the alteration of the articles of association of a company. (5 marks)
d) Highlight five advantages of a private company over a public company. (5 marks)
QUESTION THREE
a) Explain the meaning of the term "floating charge" as used in company law. (4 marks)
b) Discuss the factors that distinguish a debenture from a share. (8 marks)
c) Every trading company is deemed to have borrowing powers. However, the law imposes some restrictions on these powers.
With reference to the above statement, explain:
1. The restrictions on the borrowing by a company. (2 marks)
2. The legal effect of ultra vires borrowing. (6 marks)
QUESTION FOUR
a) Describe the powers of Commissioner for Cooperative Development during liquidation of a cooperative society. (10 marks)
b) The members of Changamwe Cooperative Society Ltd wish to change the name of their society to Mawe Cooperative Society Ltd and seek your legal advice.
Advise the members on the following:
1. Procedure to be followed in order to change the name. (6 marks)
2. Legal effect of the change of name. (4 marks)
QUESTION FIVE
a) With reference to meetings of directors of a company, explain the following:
1. Meaning of the term "special resolution"
2. Matters that require a special resolution.
b) Highlight the circumstances under which a director of a company would be disqualified from holding office. (6 marks)
QUESTION SIX
a) Describe the procedure that a person should follow in order to transfer his shares to another shareholder. (8 marks)
b) Sharp kioko transferred his shares in Mwamba ltd to Faith Kazuri six months ago. The shares were partly paid for. Nine months after the transfer, Mwamba ltd went into liquidation. You have been appointed the liquidator of Mwamba ltd.
Analyze the case and advise Sharp Kioko on his liability for the debts of Mwamba ltd.
(12 marks)
QUESTION SEVEN
a) Analyze the provisions of the Companies Act which govern the appointment of auditors of a company. (10 marks)
b) Explain the purpose of a profit and loss account of a company. (6 marks)
c) With reference to company law, outline the books of account that a company is required to maintain. (4 marks)
Subscribe to View Content
Subscribe to View Content
More Question Papers
Atd Level 1, Dcm Level 1, Dict Level 1 Entrepreneurship And Communication May 2018
Atd Level 1, Dcm Level 1: Information Communication Technology May 2018
Atd Level I: Introduction To Financial Accounting
Atd Level Ii, Dcm Level Ii Business Mathematics And Statistics May 2018
Atd Level Ii: Fundamentals Of Finance May 2018
Atd Level Ii; Dcm Level Ii: Principles Of Management
Atd Level Iii, Dcm Level Iii Principles Of Public Finance And Taxation November 2020
Auditing And Assurance Section 2
Auditing And Assurance Section 2 Year 2000
Auditing And Assurance Section 2 Year 2003
Auditing And Assurance Section 2 December Year 2002
Auditing And Assurance Section 2 Y2004ear
Auditing And Investigations
Auditing Cpa Section 2
Commercial Law: Kasneb Cpa, Cs, Ccp Part I Section 1
Company Law
Company Law
Company Law: Kasneb Cpa, Cs, Ccp Part Ii Section 3
Cpa Part Iii Financial Management
Cpa Part Iii Section 6
Cpa Part Iii Section 6: Advanced Financial Reporting May 2019
Cpa Section 2 Economics
Cpa Section 3
Cpa Section 3 Financial Accounting
Cpa Section 3 Financial Accounting Mock
Cpa Section 6
Cpa Section 6 December
Cpa Section 6 Principles And Practice Of Management June
Credit Management - Ccp Part I Section 1
Credit Practice: Kasneb Ccp Part Iii Section 6
Debt Recovery: Kasneb Ccp Part Iii Section 6
Financial Accounting I Cpa Part 1
Financial Management - Kasneb Cpa, Cs, Ccp Part Ii Section 3
Introduction To Law May 2012
Kasneb Advanced Financial Reporting - November 2017
Kasneb Advanced Financial Reporting May 2017
Kasneb Advanced Financial Reporting November 2018
Kasneb Atd Level 1 Introduction To Financial Accounting - May 2017
Kasneb Atd Level 1 Introduction To Financial Accounting - May 2018
Kasneb Atd Level 1 Introduction To Financial Accounting - May 2019
Kasneb Atd Level 1, Dcm Level 1 Commercial Law May 2018
Kasneb Atd Level 1, Dcm Level 1 Information Communication Technology May 2017
Kasneb Atd Level 1, Dcm Level 1 Information Communication Technology November 2018
Kasneb Atd Level 1, Dcm Level 1 Principles Of Business Law November 2018
Kasneb Atd Level 1, Dcm Level 1 Principles Of Business Law November 2020
Kasneb Atd Level 1, Dict Level 1, Dcm Level 1 Entrepreneurship And Communication May 2017
Kasneb Atd Level 1, Dict Level 1, Dcm Level 1 Entrepreneurship And Communication November 2018
Kasneb Atd Level 2: Financial Accounting May 2017
Kasneb Atd Level 2: Financial Accounting May 2018
Kasneb Atd Level I, Dcm Level I Commercial Law May 2017
Enhance your teaching with our comprehensive Schemes of Work and Notes!
Popular Exams
Form 1 End Term 3
Form 1 End Term 2
Form 1 End Term 1
Form 2 End Term 3 Exams
Form 2 End Term 2 Exams
Form 2 End Term 1 Exams
Form 3 End Term 3
Form 3 End Term 2
Form 3 End Term 1
Form 4 End Term 2
Form 4 End Term 1
Grade 1 End Term 3
Grade 1 End Term 2
Grade 1 End Term 1
Grade 2 End Term 3
Grade 2 End Term 2
Grade 2 End Term 1
Grade 3 End Term 3 Exams
Grade 3 End Term 2 Exams
Grade 3 End Term 1 Exams
Grade 4 End Term 3
Grade 4 End Term 2
Grade 4 End Term 1
Grade 5 End Term 3 Exams
Grade 5 End Term 2 Exams
Class 6 End Term 3
Class 6 End Term 2
Class 6 End Term 1
Class 7 End Term 3
Class 7 End Term 2
Class 7 End Term 1
Class 8 Term 3
Class 8 End Term 2
Class 8 End Term 1
Return to Question Papers
 
Quick Links
Buy Primary and High School Exams
PP1 Schemes of Work
PP2 Schemes of Work
Grade 1 Schemes of Work
Grade 2 Schemes of Work
Grade 3 Schemes of Work
Grade 4 Schemes of Work
Grade 5 Schemes of Work
Class 6 Schemes of Work
Grade 7 Schemes of Work
Grade 8 Schemes of Work
Form 1 Schemes of Work
Form 2 Schemes of Work
Form 3 Schemes of Work
Form 4 Schemes of Work
Browse all past papers
Search for courses
Search for a college
Search for a university
Search for a school
Schemes of Work
New CBC Report Cards
Class Notes
Lecture Notes
Study Guides