Question 1: The Companies Division of the Ministry of Finance and Economic Development administers three legislations. Name such legislations.
Question 2: List the six main functions of the Companies Division.
Question 3: What rights are usually conferred on the holder of a share under Section 46(2) of the Companies Act 2001?
Question 4: How can shares with rights other than those set out in Section 46(2) of the Companies Act 2001or that impose any obligation on the holder be issued?
Question 5: How can the rights attached to a class of shares are varied?
Question 6: Can a company issue different classes of shares? If so, please point out the different rights which might be conferred on a company’s shares.
Question 7: Describe the meaning of “Pre-emptive rights to new issues” given in Section 55 of the Companies Act 2001.
Question 8: Under what conditions can a company make a distribution of dividends to its shareholders?
Question 9: In what circumstances can a company offer discounts to its shareholders and is a discount authorized by the Board and accepted by the shareholder considered as a distribution?
Question 10: In what circumstances might a distribution made to a shareholder be recovered from that shareholder?