- 16 Marks
BCL – May 2018 – L1 – Q6b – Types of Capital and the Financing of Companies
Define a debenture and explain when a receiver/manager is appointed.
Question
b)
i) Define a debenture. (2 marks)
ii) State the time when a debenture holder on a floating charge will deem it necessary to apply to the court for the appointment of a receiver/manager.
(4 marks)
iii) At what time will an annual general meeting of a company limited by shares be dispensed with in any year? (2 marks)
iv) State FOUR persons who qualify to receive notices of general meetings in a company limited by shares. (8 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Debentures, Floating Charge, Receiver Appointment
- Level: Level 1
- Topic: Types of capital and the financing of companies
- Series: MAY 2018
