Company Law Question Paper

Company Law

Course:Bachelor Of Commerce

Institution: Kenyatta University question papers

Exam Year:2009

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2009/2010
FIRST SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF
COMMERCE
BBA 401:
COMPANY LAW

DATE: Tuesday 22nd December, 2009

TIME: 4.30 a.m – 6.30 p.m

INSTRUCTIONS:
Answer question ONE and any other TWO
1a)
Early 2004, C and B incorporated a company CB Ltd whose Articles of
Association included the following clauses.
i)
BC shall always be directors of BC Ltd and shall not be removed except for
misconduct.
ii)
In electing the company B and C shall exercise two votes each for every share
held, subsequently B and C Ltd. Floated its shares to Addie, Anne and Fredrick.
Advice
him.

[10
marks]
b)
Citing various cases, critically examine the concept of the certain of incorporation
and
its
effects.

[15
marks]
c)
Write short notes on companies recognized in Law in Kenya under Sec. 389 Cap
486.

[5
marks]
2.
a)
Identify and critically comment on the fiducially duties owed by the

directors to the company.

[15 marks]

b)
Differentiate between shares and debentures.

[5 marks]

Page 1 of 2

3.
The Memorandum of Association of a registered company constitutes a contract
between the members inter se and the company.
Discuss
[20 marks]
4.
Discuss the concepts of protection of minority shareholders citing the necessary
cases.

[20
marks]
5.
Discuss the grounds under which a company is brought to an end.

Page 2 of 2

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