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Hbc2201:Company Law Question Paper

Hbc2201:Company Law

Course:Bachelor Of Commerce

Institution: Meru University Of Science And Technology question papers

Exam Year:2013

QUESTION ONE – (30 MARKS)
(a) What legal consequences of registration of a company are as stipulated under the companies Act, Cap.486? (5 Marks) (b) Explain the similarities and differences between a company registered under the companies Act and corporation created by a specific Act of parliament. (12 Marks) (c) Under what circumstances a company may be deemed to be a subsidiary of another company? (8 Marks) (d) Explain the remedies that exist for misstatement in a prospectus. (5 Marks)
QUESTION TWO – (20 MARKS)
(a) (10 Marks) (b) Explain the circumstances in which the separate legal existence of a company will be modified or is disregarded under the provision of the companies Act (Cap.486). (10 Marks)
QUESTION THREE – (20 MARKS)
(a) State the legal provision of pre-incorporation contracts. Can a company ratify such contracts? (10 Marks)
(b) Explain the Rule in Royal British Bank vs Turquand, what are the exceptions to this rule? (10 Marks)
QUESTION FOUR – (20 MARKS)
(a) Briefly explain the main features of the following types of solutions which may be passed at a general meeting of a company: (i) An ordinary resolution (3 Marks) (ii) An extra ordinary resolution (3 Marks) (iii) A special resolution (3 Marks) (b) Explain the circumstances under which a company will be compelled to call an extraordinary general meeting. (11 Marks)
QUESTION FIVE – (20 MARKS)
(a) With respect to acquisition of membership in a company, explain: (i) Ways in which a person may acquire membership in a company. (6 Marks) (ii) Ways in which such membership is lost or terminates. (6 Marks) (b) Section 22of the Companies Act (Cap this Act, the memorandum and articles shall when registered bind the company and its members thereof to the same extent as if they had respectively been signed and sealed by each member and contained covenants on the part of each member observe all the Act on: (i) Rights of a member against other members (4 Marks) (ii) Rights of a member under the Article. (4 Marks)

Hbc2201:Company Law Question Paper

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