Question Two A.Compare and contrast forfeiture of shares and surrender of shares. Explain in each case five circumstances under which shares may be forfeited or surrendered . (AP: 10 marks)

B. Differentiate between the following kinds of companies: i. Statutory and Registered companies (AN: 2 marks) ii. Company limited by shares and company limited by guarantee . (AN: 2 marks)

C. Companies file for bankruptcy when it is believed that their financial performance does not promise a going concern. Examine the process of liquidating a public company . (AP: 10 marks)