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Cfu 200 Company Law Question Paper

Cfu 200 Company Law

Course:Bachelor Of Commerce

Institution: Kca University question papers

Exam Year:2011

1
UNIVERSITY EXAMINATIONS: 2010/2011
SECOND YEAR EXAMINATION FOR THE DEGREE OF BACHELOR OF
COMMERCE
CFU 200: COMPANY LAW (d+e)
DATE: APRIL 2011 TIME: 2 HOURS
INSTRUCTIONS: Answer one and any other TWO questions
QUESTION ONE
a) Salim Ruto is a real estate developer. He has joined 8 other business persons intending to form a
public company limited by shares, to enable them purchase a 500 acre parcel of land to be subdivided
into residential plots. Advise him on the requirements for the registration of a public
company, and the process it has to follow to ensure that it obtains a trading certificate to enable it
to commence business. (10 Marks)
b) Explain the advantages of a business carried on in partnership into a company limitedby shares
under the Companies Act. (10 Marks)
c) Explain various ways in which a promoter may be remunerated. (10 Marks)
QUESTION TWO
Write explanatory notes on the following
a) Subsidiary Company
b) Pre- Emption clause
c) Pre- Incorporation contracts
d) Preference Shares (20 Marks)
2
QUESTION THREE
Rashid Ouko has purchased shares from a Public limited Company.
He has discovered that the prospectus issued by the said company contains false statements. Discuss
the remedies available to him against:-
a) The Company
b) The Directors (20 Marks)
QUESTION FOUR
a) Explain what is meant by a company’s Memorandum of Association (6 Marks)
b) Explain the contents of or Clauses which must be contained in a Company’s Memorandum of
Association. (10 Marks)
c) Explain how a company may change its name (4 Marks)
QUESTION FIVE
a) Explain the proprietary rights of a member in a company (10 Marks)
b) Discuss the various methods by which membership of a company may be acquired. (6 Marks)
c) Jane and Jennifer jointly own shares in Uzuri Ltd. They are seeking your advice regarding their
legal position as joint holders of the shares. Advise them. (4 Marks)

Cfu 200 Company Law Question Paper

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