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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
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)
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