Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question4 (a) Name the four (4) types of companies under the Companies Act and distinguish (b) Section 25(1) of the Companies Act sets out the

image text in transcribed

Question4 (a) Name the four (4) types of companies under the Companies Act and distinguish (b) Section 25(1) of the Companies Act sets out the distinguishing features between between them (6 marks) private and public companies. Compare the two as it relates specifically to: (i) Minimum number of directors (ii) Number of members (iii) Minimum allotted share capital (4 marks) State four similarities of a company's purchase of its own shares to redemption of shares. (c) (4 marks) (d) The Companies Act sets out the procedure for registering certain charges given by a company. Explain the statutory timeline and why it is important when it comes to liquidation (6 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Process Principles Practice And Cases

Authors: Stuart Manson, Iain Gray, Louise Crawford

6th Edition

1408081709, 978-1408081709

More Books

Students also viewed these Accounting questions