Explain:
(i) The purpose of a share premium account
(ii) Whether Fin can reclaim his premium payment from Irk plc
Distributable profits may be defined as ___________ profits less ___________ losses.
A private company does not need to apply to the court to reduce its share capital if it supports its ___________ with a ___________ .
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?