1. What is the disadvantage of holding shares under direct registration?
2. Differentiate between redemption and repurchase of shares
3. Critically evaluate whether voting rights give substantial power to investors or not.
4. What are the powers conferred to the companies under section 191 of the companies Act?
5. When can companies
   1. convert ordinary shares into preference shares
   2. Preference shares into ordinary shares
6. Discuss the liability on partly paid shares in Fiji.