Question
1/ Milan Pty Ltd is a small gold miner. Ken. is a director of Milan Pty Ltd an an accountant and believes the company is
1/ Milan Pty Ltd is a small gold miner. Ken. is a director of Milan Pty Ltd an an accountant and believes the company is insolvent. He puts forward a resolution that the company appoint a Voluntary Administrator .The board agree and Sam, a registered liquidator is appointed. What is the next step of the process?
2/ Giles pty ltd has different types of shares including a non-cumulative preference share. In 2019-2020, Giles made a loss and did not pay a dividend. Ken hold non-cumulative preference shares in Giles Pty ltd. He is expecting that Gilees Pty ltd will show profit in 2020-2021. What can Ken expect as a dividend given?
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