Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.
Distinguish between a Fixed Charge and a Floating Charge
Answer Attachments
Next: Given that: , Compute the point elasticity of demand and the point elasticity of supply at the equilibrium position.
Previous: With the aid of diagrams, explain the importance of the concept of elasticity of supply.
View more CPA Company Law Questions and Answers | Return to Questions Index
Describe the duties of an Auditor as set out under the Companies Act.
Date posted: February 5, 2019 . Answers (1)
Highlight the requirements to be met before a notice of meeting served on members can be held to be valid.
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”.