Question
Briefly explain if you agree with the following statements: (a) Monitoring monthly cash flow is the best to comply with section 194 of the Companies
Briefly explain if you agree with the following statements:
(a) Monitoring monthly cash flow is the best to comply with section 194 of the Companies Act 1993. (b) A person, who wishes to rely on the indoor management rule, despite non-compliance with a company's constitution, can only do so if they did not know about the non-compliance. (c) A company cannot commit manslaughter in New Zealand (d) It is possible to reduce the risks of investing in ordinary shares. (e) In New Zealand, it is normal to try to save a company in default, rather than to put it into liquidation.
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