Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What are 5 examples of decisions that may be characterised as falling within the exclusive scope of s 198A? 198A (1) The business of acompanyis

What are 5 examples of decisions that may be characterised as falling within the exclusive scope of s 198A?

198A

(1) The business of acompanyis to be managed by or under the direction of thedirectors.

Note: See section198E for specialrulesabout thepowersofdirectorswho are the singledirector/shareholder ofproprietarycompanies.

(2) Thedirectorsmay exercise all thepowersof thecompanyexcept anypowersthatthis Actor thecompany'sconstitution(if any) requires thecompanyto exercise in general meeting.

Note: For example, thedirectorsmayissueshares, borrowmoneyandissuedebentures.

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

Constitutional Law Cases And Materials

Authors: Jonathan Varat, Vikram Amar, Evan Caminker

16th Edition

1647083613, 978-1647083618

More Books

Students also viewed these Law questions

Question

Why is document design important in business communication?

Answered: 1 week ago

Question

Explain the importance of selling based on benefits.

Answered: 1 week ago

Question

What is a dummy variable?

Answered: 1 week ago