Company Law

ASSIGNMENT -

PART 1  15 MARKS

REGISTER A NO LIABILITY COMPANY --- NOTE SECTION 117(1) and (2) AND FORM 201 --- DO NOT FORGET THE VARIOUS CONSENTS.

THE COMPANY'S INTERNAL MANAGEMENT RULES MUST BE THE REPLACEABLE RULES  --  NOTE SECTIONS 134 and 135 BUT THE COMPANY MUST ALSO HAVE A CONSTITUTION WHICH COMPLIES WITH SECTION 112(1) and (2) ( NL CO.)

THE CONSTITUTION MUST ALSO CREATE A CLASS REDEEMABLE PREFERENCE SHARES  -- NOTE SECTIONS 254A(2) and (3)

PART 2   15 MARKS

WORD LIMIT 400 WORDS

RESEARCH THE MAINTENANCE OF CAPITAL DOCTRINE - YOU MUST RESEARCH THE HISTORY OF THE DOCTRINE ( SUPPORT YOUR RESEARCH WITH CASE ANALYSIS)-- EXPLAIN THE BENEFITS  OF THE DOCTRINE AND FINALLY RESEARCH AND EXPLAIN THE EXCEPTIONS TO THE DOCTRINE. NOTE SECTIONS 256B,  257B,   260A and 259A