Question Tag: Corporate Structure

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BL – Nov 2012 – L1 – SA – Q13 – Company Law

Identify the principle that protects shareholders after full payment of shares.

What principle states that once a member of a company has fully paid for his shares, he cannot generally be made liable for the indebtedness of the company again?

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BL – Nov 2012 – L1 – SA – Q14 – Company Law

Identify what must not be in the Memorandum of Association.

The Memorandum of Association of a company limited by shares must contain all the following EXCEPT:
A. The marital status of the subscribers
B. The name of the company with “Limited” as the last word
C. That the registered office of the company will be situated in Nigeria
D. The objects of the company
E. That the liability of the members is limited

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BCL – Nov 2015 – L1 – Q4 – Legal Implications Relating to Companies in Difficulty or in Crisis

Discuss the circumstances under which the courts may lift or pierce the veil of incorporation of a limited liability company.

What are the reasons for which the courts are prepared to lift or pierce the ‘veil of incorporation’ of a limited liability company? (20 marks)

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BMIS – Mar 2023 – L1 – Q1a – The business organisation and its stakeholders

Explains four benefits for a partnership converting to a Public Limited Liability Company.

Asante, Oforiwaa, and Obrafour, who are well known to you and have been operating a Partnership for many years, have approached you for advice regarding their decision to convert it into a Public Limited Liability Company.

Required:
Explain FOUR (4) benefits that will be enjoyed by members of the Partnership should they convert it into a Public Limited Liability Company.

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BL – Nov 2012 – L1 – SA – Q13 – Company Law

Identify the principle that protects shareholders after full payment of shares.

What principle states that once a member of a company has fully paid for his shares, he cannot generally be made liable for the indebtedness of the company again?

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Find Related Questions by Tags, levels, etc.

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You're reporting an error for "BL – Nov 2012 – L1 – SA – Q13 – Company Law"

BL – Nov 2012 – L1 – SA – Q14 – Company Law

Identify what must not be in the Memorandum of Association.

The Memorandum of Association of a company limited by shares must contain all the following EXCEPT:
A. The marital status of the subscribers
B. The name of the company with “Limited” as the last word
C. That the registered office of the company will be situated in Nigeria
D. The objects of the company
E. That the liability of the members is limited

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You're reporting an error for "BL – Nov 2012 – L1 – SA – Q14 – Company Law"

BCL – Nov 2015 – L1 – Q4 – Legal Implications Relating to Companies in Difficulty or in Crisis

Discuss the circumstances under which the courts may lift or pierce the veil of incorporation of a limited liability company.

What are the reasons for which the courts are prepared to lift or pierce the ‘veil of incorporation’ of a limited liability company? (20 marks)

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You're reporting an error for "BCL – Nov 2015 – L1 – Q4 – Legal Implications Relating to Companies in Difficulty or in Crisis"

BMIS – Mar 2023 – L1 – Q1a – The business organisation and its stakeholders

Explains four benefits for a partnership converting to a Public Limited Liability Company.

Asante, Oforiwaa, and Obrafour, who are well known to you and have been operating a Partnership for many years, have approached you for advice regarding their decision to convert it into a Public Limited Liability Company.

Required:
Explain FOUR (4) benefits that will be enjoyed by members of the Partnership should they convert it into a Public Limited Liability Company.

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