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.
Which of the following statements correctly describes a Chief Executive Officer's (Managing Director's) actual authority?
Which of the following is a director who has not been validly appointed but is held out by the company to be a director?
Which of the following types of director is expressly appointed as such?
What is the minimum age that a director can be?
How many directors are required to retire at the first annual general meeting of a public company?
Which of the following describes the actual authority of a Chief Executive Officer?
The powers of a company's directors are defined in which company document?
To which of the following does a director owe their statutory duties?
This question appeared in the June 2015 exam.
A division is considering investing in capital equipment costing $2.7m. The useful economic life of the equipment is expected to be 50 years, with no resale value at the end of the period. The forecast return on the initial investment is 15% per annum before depreciation. The division's cost of capital is 7%?
What is the expected annual residual income of the initial investment?