Attempt all the problems
problem1)(a) Define a company. Describe its characteristic.
(b) What is a holding and subsidiary company? Illustrate your answer.
problem2) What is Memorandum of Association and Articles of Association? What is the difference between them? Are they essential for every company?
problem3)(a) Discuss the position of pre-incorporation contracts by the promoter.
(b) Describe the legal position of a promoter of a company.
problem4)(a) What are the different types of meetings which are held in a company?
(b) When could a company issue shares at discount?
problem5)(a) What are the conditions when director of company could be removed before the expiry of the term?
(b) describe the qualifications of a company secretary.