problem 1: Define the term company. What are the various characteristics of a company?

problem 2: What are the steps comprises in incorporating a company?

problem 3: Who are the members of the company? Differentiate between a member and a shareholder. How the membership is terminated?

problem 4: Describe the effects of registration of unlimited company as limited company.

problem 5: Promoter is not a trustee or agent for the company however he stands in a fiduciary position towards it comment.

problem 6: Examine the legal effect of the Articles of Association of a company. How for is a provision depriving the company of the power to modify the articles is valid?

problem 7: Critically examine the provisions concerning mis-statements in the prospectus and their outcomes.

problem 8: The Allotment of shares forms the contractual relationship among the company on one hand and applicant of shares on the other. Examine the above statement associating to allotment of shares.

problem 9: Differentiate between transmission and transfer of shares and describe the procedure for the transfer of shares.

problem 10: prepare brief notes on any two of the given:

a) Existing company.
b) Memorandum of Association.
c) Kinds of shares.
d) Limitation of time for issue of certificates.