[20 marks) Question 4 Companies a. What is the minimum membership for: public companies? Private companies? b. Can a company provide financial assistance to purchase shares in: a. The company? b. The holding company? C. A fellow subsidiary? Share Capital and Offering Shares a. What are the requirements to change the share capital? b. Can a company repurchase its own shares? Administration of companies a. Which information in respect of directors has to be given on a company's trade catalogues, trade circulars and business letters? b. In respect of a special resolution: 1. How long is the period of notice? 2. Which information has to be included in the notice? 3. How many members have to be present? 4. How many persons have to vote in favour of the motion if voting takes place by means of a show of hands? 5. How many votes have to be cast in favour of the motion if voting takes place by poll? Directors, Secretaries and Auditors 1. What is the minimum number of directors for a : a. Private company? b. Public company? 2. Who appoints directors? 3. Are there any restrictions on a director or officer to deal in options of listed shares or debentures of his company, his company's controlling company, controlled company and fellow company? 4. What is the auditor's duty with regard to: a. The register of interests in contracts? b. The attendance register of persons present at directors' and management meetings? C. The minute books of directors and managers? Note: each question carries 1 mark each