Topic_0_-_Revision.pdf - UKML 2013 Company Law Topic...

This preview shows 1 out of 9 pages.

UKML 2013 Company Law Topic Revision – Part 1 Bachelor of Accounting (Hons) Emphasis for Main and Replacement Examinations
Image of page 1

Subscribe to view the full document.

Final Exam Main Topic 6 (Directors) Topic 4 (Share capital) Topic 5 (Loan Capital) Topic 8 (Co Meetings) Topic 9 (Minority Protection) Topic 7 (Auditors) Replacement Exam All topics - 1, 2, 3, 4, 5, 6, 7, 8 and 9 Hard to tell which topics, too many sets of papers. 2
Image of page 2
Final Exam – Main - Format Section A 4 questions. Each question carries 10 marks. Total: 40 marks A mixture of essay and problem for those 4 questions. Section B 3 questions, choose 2 only. Each question = 30 marks. Some questions are divided into 2 parts, (a) and (b). Some questions comprise one single question with 30 marks. Do not use tutorial questions to try to predict what question will come out where. That’s how many end up writing out-of- point answers in every exam. 3
Image of page 3

Subscribe to view the full document.

Topic 6 (Directors) Have some knowledge of these: Types of Directors – Officer, Director, Manager, Executive Director, Non-executive Director Emphasis in exam: Directors’ Duties Contracts with company Restricted Dealings 4
Image of page 4
Topic 6 (Directors) Directors’ Duties, Contract with Company and Restricted Dealings Know the following sections and how they apply: S.221 – Disclosure of Interest in contracts, proposed contracts, property, offices, etc. S.222 – Interested director not to participate or vote S.228 – Substantial value property transaction involving directors, SS or PC to director / SS S.223 – Substantial value property transaction not involving directors/SS (unrelated individuals or companies) S.224 – Loans to Director S.225 – Loans to Person Connected to Director 5
Image of page 5

Subscribe to view the full document.

Topic 6 (Directors) Directors’ Duties, Contract with Company and Restricted Dealings First, have a working knowledge of what is “related Co”. 6 Star Wars S/B Jumanji Bhd Empire S/B >50% - 100% >50% - 100% Brantford S/B >50% - 100% Related Co: • Jumanji is the Holding Co of Star Wars • Star Wars is the Holding Co of Empire • Star Wars and Brantford are subsidiaries of same Holding Co. • Jumanji is UHC of Empire
Image of page 6
Topic 6 (Directors) Directors’ Duties, Contract with Company and Restricted Dealings Next, have a working knowledge of what is “substantial shareholder” 7 Jumanji Bhd Comfortlife S/B >5%-50% Farouk >5%-99% Substantial Shareholder • A SS can be either a Co by itself, or an individual. • As long as he / it holds 5% or more shares in a Co. • Jumanji is SS of Comfortlife. • Farouk is SS of Comfortlife.
Image of page 7

Subscribe to view the full document.

Topic 6 (Directors) Directors’ Duties and Restricted Dealings Have a working knowledge of “Person Connected”, e.g. what is a “Body Corporate associated with director” 8 Comfortlife S/B Eunos Impressive Living S/B Hamidah ≥20% - 99% Director Transaction Body Corporate associated with a Director Impressive Living is a body corporate associated with Eunos if: Eunos alone holds ≥20% shares, or Hamidah alone holds ≥20% shares or Eunos & Hamidah together hold ≥20% shares Husband & Wife
Image of page 8
Image of page 9
You've reached the end of this preview.
  • Winter '15
  • executive Director, Non-executive director, Security interest

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern