a) Set out the effects of an order for compulsory liquidation.
b) In a compulsory winding up, to what prescribed order for the distribution of assets should the liquidator adhere?
problem 2: In forming a company, its shareholders might seek to minimize the liability of the company and themselves to creditors. To what extent do the courts endorse this practice? Support your answer by reference to case law and statute law.
problem 3: What do you understand by the term corporate governance? What brought about the need for this attention to corporate governance and with what issues will corporate governance be concerned?
problem 4: Contrast a public limited company with a private limited company as to share capital, public offers, loans, Annual General Meetings, accounts and reports, reduction of capital and pre-emption rights.
problem 5: Set out the rules on the issue of shares:
a) At a premium
b) At a discount
c) As partly paid up
problem 6: What are the general rules in the context of share capital regarding issue and allotment of shares?
problem 7: What is the difference between a fixed and a floating charge?
problem 8: Describe the nature of a share, the rights attaching to shares, classes of shares and restrictions on shares.