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Course Title: Corporate Law Answer all this The Companies Act 2016 clarifies that there is financial assistance when a company reduces or discharges any liability

Course Title: Corporate Law

Answer all this

TheCompanies Act2016 clarifies that there isfinancial assistancewhen acompanyreduces or discharges any liability of a person who has acquired shares in thecompanyor in its holdingcompanywhere the liability has been incurred for the purpose of the acquisition of the shares.

Based on the statement above critically discuss THREE (3)examples of financial assistance.

Support your answer with relevant statutory provisions of the Companies Act 2016 and decided cases.

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