Indicate which of the following is true or false:$1.$ As a general rule:I. A company's Shareholder's Meeting must be held in Zambia, except if the share holders with right to vote agree in writing that it be held outside Zambia$[2$ MARKS$]$II$.$ A shareholder of a company, if re$-$appointed must serve for a maximum period if six $(6)$ years.$[2$ MARKS$]2.$ Twabeula Kudala Ltd is a private company limited by shares. The shareholders of the company are of the opinion that since the company has made more than enough profit; It would be wise to give back to the community through philanthropic efforts:I. In light of this, one of the secondary conditions to be satisfied for this type of conversion is the Shareholders must pass a special resolution agreeing to the conversion.$[2$ MARKS$]$Il$.$ Conversion procedure of private company limited by guarantee into a public company is quite problematic as far as the law is concerned.$[2$ MARKS$]3.$RSTUV Plc has decided to change the company's name VUTSR PIc. The company has submitted an application to the registrar of the companies using the appropriate companies form. However, yesterday, the company received a notice from the registrar indicating this decision to reject the new name on grounds that that the name is too similar to that of another company, such that, this would cause confusion in the minds of members of the public.I. The rejection has no legal effect as it is the Respice Prospice who is tasked with dealing with names registration and not the Registrar of Companies$[2$ MARKS$]$Il$.$ The decision to change a company's name is made via an ordinary resolution.$[2$ MARKS$]4.$ Sizzling Hot Media Ltd is a private company limited by shares which was incorporated in the year $2005.$ It runs one of the country's largest private radio station called sizzling FM$.$ From the date of incorporation, the company's shareholding consisted of shares held by siblings Anna, Barbara and Cecilia. Barabara passed away in February $2024$ and in her will left her shares to her son Danny. To date the company is still thriving despite the death.I. We attribute this to limitation of liabilityII. Transmission of shares by operation of the law is clearly present in this scenario.$[2$ MARKS$][2$ MARKS$]5.$ Zoe Sosala purchased $40\%$ of shares in Sosala Footear Ltd from her mother in law Pangea Sosala. The duo satisfied the legal requirements for the transfer of ownership of shares for Pangea to Zoe.I. The share certificate, share register and articles of association effectively prove Zoe's ownership of the shares.II$.$ Shares in a private company are freely transferable.$[2$ MARKS$](2$ MARKS$][$TOTAL $10$ MARKS$]$