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Before a private company can hold a general meeting on short notice, members holding a certain?percentage of the company's shares must agree. Which one of the following percentages is correct??

A

51%?

B

?90%?

C

75%

D

?95%?

A plc must hold its AGM within six months of its year end.?

A

True?

B

?False

?A members' voluntary winding up is where the members decide to dissolve a healthy company.?

A

True?

B

False?

There are various grounds for the compulsory winding-up of a company. In which of the following situations will a court order the winding-up of a company on the 'just and equitable' ground?

A

Where 50% of the members disagree with the actions of the directors

B

Where the company has failed to pay its creditors for three months

C

When the main object of the company cannot be achieved

?Insider dealing is a criminal offence.?

A

True?

B

False

?Which one of the following is not a UK offence relating to money laundering??

A

?Concealing the proceeds of criminal activity?

B

Tipping off?

C

Dealing in price affected securities?

D

?Failing to report suspicion of money laundering?

?If a company wishes to restrict its objects, what kind of resolution is required??

A

?Special resolution?

B

?Special resolution with special notice?

C

?Ordinary resolution with special notice?

D

?Ordinary resolution?

A company has been formed within the last six months. Another long-established company considers that?because of similarity between their names there may be confusion between it and the new company. The?only action the long-established company can take is to bring a passing-off action if it is to prevent the?new company using its name.??

A

?True?

B

?False?

?If a company fails to pay preference shareholders their dividend, they can bring a court action to compel?the company to pay it.??

A

True?

B

?False?

?If a company issues new ordinary shares for cash, the general rule is that:?

A

The shares must first be offered to existing members in the case of a public but not a private?company.?

B

?The shares must first be offered to existing members whether the company is public or private.?

C

?The shares must first be offered to existing members in the case of a private but not a public?company.?

D

?The shares need not be issued to existing members.?