The articles of association of Trent Ltd state that Cyril and David are appointed until aged 60 as Company Secretary and Chief Accountant respectively at salaries of 30,000 per annum. Cyril and David took up their posts five years ago, when they were 35 and 40 respectively Cyril has received a letter from the Chairman of Trent Ltd discharging him from the post of Company Secretary. Cyril would like to retain thejob; David has given his resignation to the Board of Trent Ltd but the Board will not accept it. what toAdvise Cyril and David.

Derwent Ltd has suffered declining profits for four years. The directors have not declared a dividend for three years and in order to avoid facing the shareholders did not call an AGM last year. Eric, who holds shares in Derwent, has got together with some of his fellow shareholders to form a group to see what can be done to get the company better managed. please create a letter to Eric advising him and telling him how the group should proceed in practical terms.

Severn Ltd runs a very successful business and makes a good profit. However, over the past few years the controlling directors have increased their remuneration so that it absorbs all the profits. Jane, who is a minority shareholder not on the board, gets no dividends and wishes to do something about this state of affairs. how to explain to Jane what action she should take.

In relation to corporate insolvency distinguish between an administrator and a liquidator.