筛选结果 共找出34

State which of the floating charges will take priority if Milly Ltd is liquidated 

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28

【论述题】

 Explain the legality of the dividend payment 

 State the extent of Dee and Eff's liability regarding the dividend payment 

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30

【论述题】

 Explain the extent of Fin's liability for Heave Ltd's debts 

Explain: 

(i) The purpose of a share premium account 

(ii) Whether Fin can reclaim his premium payment from Irk plc 

Distributable profits may be defined as ___________ profits less ___________ losses. 

A private company does not need to apply to the court to reduce its share capital if it supports its ___________ with a  ___________ . 

 Where application is made to the court for confirmation of a reduction in capital, the court may require that creditors should be invited by advertisement to state their objections. In which of the following ways can the need to advertise be avoided? 

 Select all that apply. 

A

 Paying off all creditors before application to the court 

B

 Producing a document signed by the directors stating the company's ability to pay its debts 

C

 Producing a guarantee from the company's bank that its existing debts will be paid in full 

D

 Renouncement by existing shareholders of their limited liability in relation to existing debts 

The rules of capital maintenance exist to primarily protect which of the following parties? 

A

 A company's members 

B

A company's creditors 

C

 A company's customers 

D

 The government 

Which of the following is NOT a valid method that a company may use to reduce its share capital according to the Companies Act 2006? 

A

Pay off part of paid-up share capital out of surplus profits 

B

Extinguish liability on partly paid shares 

C

 Buy back fully paid up share capital from shareholders using cash not surplus profit 

D

Cancel paid-up share capital that is no longer represented by assets