COMPANY LAW

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COMPANYLAW-CLAW3501.docx

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CLAW3501

INSTRUCTIONS:

1. ANSWER ALL QUESTION IN SECTION A

2. THERE ARE THREE (3) QUESTIONS IN SECTION B. ANSWER ALL QUESTIONS IN THIS SECTION

3. GIVE CREDIT TO ANY SOURCE USED TO COMPLETE THIS ASSESSMENT. THE APA REFERENCING FORMAT MUST BE USED.

4. TURNITIN REPORT MUST BE SUBMITTED WITH THIS ASSIGNMENT

5. SUBMIT THE SIGNED CCCJ ASSIGNMENT COVERSHEET WITH YOUR ASSIGNMENT

NOTE: YOUR ASSIGNMENT WILL NOT BE ACCEPTED IF 3. AND 4. ABOVE ARE

NOT SUBMITTED

YOUR COMPLETED WORK MUST BE SUBMITTED WITHIN THE SPECIFIED DURATION OUTLINED ABOVE TO PREVENT PENALTIES

SECTION A

Instruction: Complete ALL questions from this section.

CASE STUDY

DB & G Traders limited, once a successful drug distributing Company, has not been doing so well in recent times. Its profits have been declining and the directors have attributed the decline to fierce in the market. The shareholders of the company are aging and have an appetite for doing what it would take to compete in the market and keep the Company in existence. Liquidation seems to be imminent as they do not believe that the company is a viable option.

Advise the members on how they can dissolve the company. (Total 20 marks)

END OF SECTION A

SECTION B

Instruction: Complete ALL questions from this section.

Question 1

A. Discuss the effects that a formal partnership agreement is likely to have on an existing

informal general partnership. (12 marks)

B. Discuss FOUR (4) main differences between a Partnership and a Private Limited

Company. (8 marks)

(Total 20 marks)

Question 2

A. Compare each of the following terms:

i. Equity and Debt financing (4 marks) ii. Fixed and Floating charges (4 marks) iii. Shares and Debentures (4 marks) iv. Secured and Unsecured creditor (4 marks)

B. Briefly explain how minority shareholders are protected. (4 marks)

(Total 20 marks)

Question 3

A. Discuss TWO (2) roles of a company’s auditor, and how does the law establishes and

regulates the relationship. (10 marks)

B. Explain the term ‘insider trading’. (2 marks)

C. State TWO (2) defences to insider trading. (8 marks)

(Total 20 marks)

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