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Whichofthefollowingmayseekapprovalofthecourtinordertoproceedwithareductionincapital?

A、llprivateandpubliccompanies

B、Onlyprivatecompanies

C、Onlypubliccompanies

D、Onlylistedpubliccompanies

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答案解析：AnypublicorprivatecompaniesmayapplytotheCourtforanorderreducingitssharecapital

Frank,aprominentbusinessman,hasagreedtojointheboardofHHHLtd.However,heisbusyandadmitsthathewillonlybeabletoattendalimitednumberofmeetingseachyear.Whichofthefollowingwouldbepermitted?

A、Toappointanalternatedirectorashisdeputyformeetingsthathecannotattend

B、Tojointheboardonconditionthathegivesadviceonlyandtakesnoresponsibilityfordecisionsoftheboard

C、Toappointashadowdirector

D、Toappointaseniorcolleagueashisagenttoattendmeetingsandtakefullresponsibilityfordecisions

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答案解析：Analternatemaybeappointed,butthispersonwouldbeanagent,andFrankwouldbeaccountableinlaw.

Whichofthefollowingstatementsregardingconsiderationreceivedfortheallotmentofnewsharesiscorrect?

A、Itmustbecashconsideration

B、Itneednotbeadequatebutitmustbesufficient

C、Itmaybeanon-cashassetbutcannotbeservicesperformed

D、Itmustbeadequatevaluableconsideration

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答案解析：Shareissuesareanexceptiontothecommonlawrulethatconsiderationinacontractneednotbeadequate.Theimplicationofthisisthatsharescannotbeissuedatadiscount(s.580CA06).

Thechiefexecutiveofficerofacompanywouldbeviewedashavingwhichtypeofauthority?

A、xpressauthority

B、Impliedauthority

C、pparentauthority

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答案解析：TheCEOwouldbeviewedashavingimpliedauthoritybecauseofhisorherpositionwithinthecompany.

JohnwasengagedtoactaspromoterforVVVLtd.Thefounderstransferredmoneytohimtopurchaseinventory,whichheagreedtodobeforethecompany’sincorporation.Johnspentthemoneybuyingusedcarsandsellingthemforaprofit.

A、JohnbreachedhisstatutorydutiesundertheCompaniesAct2006

B、Johnbreachedhisfiduciarydutiesandisliablefortheprofithemade

C、Johnbreachedhisfiduciarydutiesbutthecompanyhasnoclaimagainsthim

D、Johndidnotbreachedanydutiesasthecompanyhadnotyetbeenformed

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答案解析：Apromoterhasliabilityforpre-incorporationcontracts.

Aspecialresolutionofacompanymusthavewhichofthefollowingpercentageofmembersfavourtopass?

A、50%

B、55%

C、75%

D、80%

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答案解析：Atleast75%ofmembersmustbeinfavourofacorporateresolutionforittopass.

Whichofthefollowingstatementsaboutthenon-executivedirectorsofapubliccompanyiscorrect?

A、Theyarenormallyengagedunderacontractofemployment

B、Theycanbeheldliableforactsofnegligence

C、Theyformpartoftheexecutivemanagementteam

D、Theymustbeagedbetween18and65years

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答案解析：NEDsareappointedbecauseofadviceorknowledgetheycanoffertotheexecutivemanagementteam.BecauseNEDsareoftenappointedfortheexpertisetheycanofferinanarea,theycanbeheldliablefornegligenceiftheyfailtoactinaway

Joedesirestobeamemberofanewly-formedcompanyandcontributescashtoitinexchangeforsharesinthecompany.

A、Increase

B、ecrease

C、Notchange

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答案解析：Whenadditionalsharesofacompanyareissueditssharecapitalisincreased.

Inwhichofthefollowingcircumstanceswouldaprivatecompanywishingtoreduceitssharecapitalrequirethepermissionofthecourt?

A、Ifthedirectorscannotmakeastatementofsolvency

B、Tocancelliabilityonpartly-paidshares

C、Toprovideatruerreflectionofthecompany’sworth

D、Torefundcapitaltoafoundingmember

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答案解析：Thearticlesofaprivatecompanymustnotpreventareductionandaspecialresolutionsupportedbyasolvencystatementmustbepassed.Aprivatecompanywouldthereforeneedthecourt’spermissionifanyoftheserequirementsarenotme

Theauthorityofonepersontomakebindingcommitmentswiththirdpartiesforsomeoneelsecanbedescribedaswhichofthefollowing?

A、Principal

B、gency

C、Partnership

D、ondition

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答案解析：Agencyisthetermusedtodescribetheauthorityofonepersontomakebindingcommitmentswiththirdpartiesonbehalfoftheprincipal.businessandsharesprofitsbuthasnopartinrunningthebusiness.