Companies Act 2019 – NBC Institute

AA – May 2021 – L2 – Q2c – Regulatory Framework and Audit Responsibilities

Explain the appointment, remuneration, and resignation of auditors for limited liability companies.

Question

Auditor appointment, dismissal, and remuneration is regulated by Companies Act 2019 (Act 992).

Required:
i) How are auditors of Limited Liability companies:

Appointed (3 marks)
Remunerated (2 marks)

ii) What may cause auditors to resign from their appointments? (5 marks)

Answer

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Tags: Act 992, Auditor appointment, Auditor Remuneration, Auditor Resignation, Companies Act 2019
Level: Level 2

Topic: Regulatory Framework and Audit Responsibilities
Series: MAY 2021

BCL – Apr 2022 – L1 – Q5c – Company meetings and resolutions

Distinguish between Annual General Meeting and Extraordinary General Meeting of a company, detailing requirements and procedures for each.

Question

c) Distinguish between Annual General Meeting and Extraordinary General Meeting of a company.

(5 marks)

Answer

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Tags: Annual General Meeting, Companies Act 2019, Extraordinary General Meeting
Level: Level 1

Topic: Company Meetings and Resolutions
Series: APR 2022

BCL – Apr 2022 – L1 – Q4a – Company directors and other officers

Outline qualification requirements for company secretaries and disqualifying offenses for company directors under the Companies Act, 2019 (Act 992).

Question

a) One of the key officers of a company who keeps the books and records, is the company secretary. The Companies Act, 2019 (Act 992) compels the appointment of a company secretary on certain qualifications.

Required:

i) State THREE (3) qualification requirement for the appointment of company secretary as stipulated in the Companies Act, 2019 (Act 992). (6 marks)

ii) List THREE (3) offences and related legal wrongs that automatically disqualifies a fraudulent person from appointment as a director of a company. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Companies Act 2019, Company Secretary, Corporate Governance, Director Qualifications
Level: Level 1

Topic: Company directors and other officers
Series: APR 2022

AA – May 2021 – L2 – Q2c – Regulatory Framework and Audit Responsibilities

Explain the appointment, remuneration, and resignation of auditors for limited liability companies.

Question

Auditor appointment, dismissal, and remuneration is regulated by Companies Act 2019 (Act 992).

Required:
i) How are auditors of Limited Liability companies:

Appointed (3 marks)
Remunerated (2 marks)

ii) What may cause auditors to resign from their appointments? (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Act 992, Auditor appointment, Auditor Remuneration, Auditor Resignation, Companies Act 2019
Level: Level 2

Topic: Regulatory Framework and Audit Responsibilities
Series: MAY 2021

BCL – Apr 2022 – L1 – Q5c – Company meetings and resolutions

Distinguish between Annual General Meeting and Extraordinary General Meeting of a company, detailing requirements and procedures for each.

Question

c) Distinguish between Annual General Meeting and Extraordinary General Meeting of a company.

(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Annual General Meeting, Companies Act 2019, Extraordinary General Meeting
Level: Level 1

Topic: Company Meetings and Resolutions
Series: APR 2022

BCL – Apr 2022 – L1 – Q4a – Company directors and other officers

Outline qualification requirements for company secretaries and disqualifying offenses for company directors under the Companies Act, 2019 (Act 992).

Question

Required:

i) State THREE (3) qualification requirement for the appointment of company secretary as stipulated in the Companies Act, 2019 (Act 992). (6 marks)

ii) List THREE (3) offences and related legal wrongs that automatically disqualifies a fraudulent person from appointment as a director of a company. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Companies Act 2019, Company Secretary, Corporate Governance, Director Qualifications
Level: Level 1

Topic: Company directors and other officers
Series: APR 2022

Question Tag: Companies Act 2019

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AA – May 2021 – L2 – Q2c – Regulatory Framework and Audit Responsibilities

Explain the appointment, remuneration, and resignation of auditors for limited liability companies.

BCL – Apr 2022 – L1 – Q5c – Company meetings and resolutions

Distinguish between Annual General Meeting and Extraordinary General Meeting of a company, detailing requirements and procedures for each.

BCL – Apr 2022 – L1 – Q4a – Company directors and other officers

Outline qualification requirements for company secretaries and disqualifying offenses for company directors under the Companies Act, 2019 (Act 992).

AA – May 2021 – L2 – Q2c – Regulatory Framework and Audit Responsibilities

Explain the appointment, remuneration, and resignation of auditors for limited liability companies.

BCL – Apr 2022 – L1 – Q5c – Company meetings and resolutions

Distinguish between Annual General Meeting and Extraordinary General Meeting of a company, detailing requirements and procedures for each.

BCL – Apr 2022 – L1 – Q4a – Company directors and other officers

Outline qualification requirements for company secretaries and disqualifying offenses for company directors under the Companies Act, 2019 (Act 992).

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Question Tag: Companies Act 2019

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AA – May 2021 – L2 – Q2c – Regulatory Framework and Audit Responsibilities

Explain the appointment, remuneration, and resignation of auditors for limited liability companies.

You're reporting an error for "AA – May 2021 – L2 – Q2c – Regulatory Framework and Audit Responsibilities"

BCL – Apr 2022 – L1 – Q5c – Company meetings and resolutions

Distinguish between Annual General Meeting and Extraordinary General Meeting of a company, detailing requirements and procedures for each.

You're reporting an error for "BCL – Apr 2022 – L1 – Q5c – Company meetings and resolutions"

BCL – Apr 2022 – L1 – Q4a – Company directors and other officers

Outline qualification requirements for company secretaries and disqualifying offenses for company directors under the Companies Act, 2019 (Act 992).

You're reporting an error for "BCL – Apr 2022 – L1 – Q4a – Company directors and other officers"

AA – May 2021 – L2 – Q2c – Regulatory Framework and Audit Responsibilities

Explain the appointment, remuneration, and resignation of auditors for limited liability companies.

You're reporting an error for "AA – May 2021 – L2 – Q2c – Regulatory Framework and Audit Responsibilities"

BCL – Apr 2022 – L1 – Q5c – Company meetings and resolutions

Distinguish between Annual General Meeting and Extraordinary General Meeting of a company, detailing requirements and procedures for each.

You're reporting an error for "BCL – Apr 2022 – L1 – Q5c – Company meetings and resolutions"

BCL – Apr 2022 – L1 – Q4a – Company directors and other officers

Outline qualification requirements for company secretaries and disqualifying offenses for company directors under the Companies Act, 2019 (Act 992).

You're reporting an error for "BCL – Apr 2022 – L1 – Q4a – Company directors and other officers"

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