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COMPANY LAW: BML 414: CAT 2 GROUP WORK QUESTION ONE a) Joanne wishes to register a business enterprise but she knows very little about business

image text in transcribed COMPANY LAW: BML 414: CAT 2 GROUP WORK QUESTION ONE a) Joanne wishes to register a business enterprise but she knows very little about business associations. She mulls over various choices including partnerships, sole proprietorships and limited companies. Joanne is unable to make up her mind on the type of business to establish and seeks your advice. Clearly explain your response. (10marks) QUESTION TWO Mkwanju company limited is in need of additional shares. The majority are willing to provide thus capita if they cold purchase the 20% of the shares held by the minority. The minority shareholders refuse to sell their shares to the majority shareholders, who then propose to alter the Article of Association to provide for compulsory acquisition on a specified basis. In reference to the business law. Discuss the legality of this proposal. (10marks)

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