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Bbm 469: Company Law  Question Paper

Bbm 469: Company Law  

Course:Bachelor Of Business Management

Institution: Moi University question papers

Exam Year:2012



BBM 469: COMPANY LAW
CAT
ANSWER ALL QUESTIONS

a. Define a promoter of a company. Explain and illustrate with decided cases his legal position in relation to a company. (8mks)

b. Discuss the doctrine of ultra vires with regard to the objects of a company and state the effect of an ultra vires transaction. (7mks)

QUESTION TWO
a. What is the legal form of articles of association? (5mks)

b. Subject to what limits imposed by either the general law or the Companies Act, may a company alter its articles of association? What procedure can it do so? Explain with the help of decided cases. (10mks)

QUESTION THREE
a. Explain the nature of floating charge. How does it differ from a fixed charge? When does a floating charge become fixed? (9mks)

b. Briefly discuss the important provisions in the Companies Act which the directors of a company must comply with. (6mks)




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