Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.
Describe the duties of an Auditor as set out under the Companies Act.
Answer Attachments
Next: Highlight the requirements to be met before a notice of meeting served on members can be held to be valid.
Previous: List and explain the 3 forms of matter
View more CPA Company Law Questions and Answers | Return to Questions Index
Highlight the requirements to be met before a notice of meeting served on members can be held to be valid.
Date posted: February 5, 2019 . Answers (1)
The rule in Foss v Harbottle establishes the principle that where a wrong is done to the company, the proper plaintiff is the company itself. However, where the wrong is done by the company directors, it may be impossible for the company to sue. In such a case, a derivate action may be the only option. a) Explain what is meant by “derivative action”. b) Describe the conditions that must be satisfied before a derivative suit can be instituted
Define the term "prospectus" and explain the circumstances under which a company may issue a prospectus.
Explain the Statutory and Common Law Rules that govern raising and maintenance of share capital of a company.
Wafula, one of the Directors of Hopeful Co. Ltd is unsure of his duty of care and skill as a director of the company. He seeks your advice on this. Advise him.
Hopeful, a private limited company has adopted Table A as its Articles of Association. The company now, wishes to alter the Articles of Association. Outline the procedure to be followed to effect the change.
In relation to company law describe the common law duties of a Promoter.
In relation to company law,discuss the rules that govern pre-incorporation contracts.
In relation to company law: a) Explain the meaning of the term “Promoter”.