Research the maintenance of capital doctrine

Question

Assignment:

Part 1

Register a no liability company --- note section 117(1) and (2) and form 201 --- do not forget the various consents.

The company's internal management rules must be the replaceable rules -- note sections 134 and 135 but the company must also have a constitution which complies with section 112(1) and (2) ( nl co.)

The constitution must also create a class redeemable preference shares -- note sections 254a(2) and (3)

Part 2

Create a 400 words

Research the maintenance of capital doctrine - you must research the history of the doctrine ( support your research with case analysis)-- explain the benefits of the doctrine and finally research and explain the exceptions to the doctrine.