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Buss 216:Business Law Ii Question Paper

Buss 216:Business Law Ii

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2013

KENYA METHODIST UNIVERSITY

END OF 3''RD ''TRIMESTER 2013 (PT) EXAMINATION
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : BUSINESS ADMINISTRATION
UNIT CODE : BUSS 216
UNIT TITLE : BUSINESS LAW II

TIME: 2 HOOURS

Instructions:

Answer question one and any other two.

Question One (30 marks)

Discuss the practical consequences of registration of a company i.e. incorporation.

(10 marks)

Discuss the various ways through which the lifting of the corporate seal may be done by the courts.

(10 marks)

A member of a company is not necessarily a shareholder and vice versa. Discuss.

(10 marks)

Question Two

Discuss the procedure for registering a public limited company. How is this different for a private limited company?

(15 marks)

Outline at least five differences between a Public Limited Company and a Private Limited Company.

(5 marks)

Question Three

Explain the major contents of a Memorandum of Association.

(10 marks)

Compare and contrast a Memorandum of Association and the Articles of Association.

(10 marks)

Question Four

Explain the meaning of share capital.

(2 marks)

Explain the classes of shares.

(10 marks)

Explain the alteration of capital.

(8 marks)

Question Five

In the context of voluntary winding up, explain the statutory provisions regarding the powers of the liquidator which may be exercisable.

With the court sanction.

(10 marks)

Without the court sanction.

(10 marks)

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