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- 10 Marks
BMIS – April 2022 – L1 – Q1b – The business organisation and its stakeholders
Explain what a public limited liability company is and discuss two features of a private limited liability company.
Question
Nkaagi, your long-time family friend who is an Engineer by profession, recently took over as the Chief Executive Officer of Wakawaka Investment Ltd, a company listed on the Ghana Stock Exchange. He has on several occasions complained about the many legal requirements they have had to contend with and has now approached you for advice on the benefits to be derived from converting a public limited liability company into a private limited liability company.
Required:
i) Explain what a public limited liability company means to Nkaagi. (4 marks)
ii) Explain TWO (2) features of a private limited liability company. (6 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Capital, Legal Structure, Private Company, Public Company, Shareholder Rights
- Level: Level 1
- Topic: The Business Organisation and its Stakeholders
- Series: APR 2022
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- 10 Marks
BMIS – April 2022 – L1 – Q1b – The business organisation and its stakeholders
Explain what a public limited liability company is and discuss two features of a private limited liability company.
Question
Nkaagi, your long-time family friend who is an Engineer by profession, recently took over as the Chief Executive Officer of Wakawaka Investment Ltd, a company listed on the Ghana Stock Exchange. He has on several occasions complained about the many legal requirements they have had to contend with and has now approached you for advice on the benefits to be derived from converting a public limited liability company into a private limited liability company.
Required:
i) Explain what a public limited liability company means to Nkaagi. (4 marks)
ii) Explain TWO (2) features of a private limited liability company. (6 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Capital, Legal Structure, Private Company, Public Company, Shareholder Rights
- Level: Level 1
- Topic: The Business Organisation and its Stakeholders
- Series: APR 2022
Report an error