快速查题-ACCA英国注册会计师试题

Debenture stock

A single debenture

Register of debenture holders

Series debentures

 All companies registered under the Companies Act 2006 have an implied power to borrow 

 The members of public companies registered under the Companies Act 2006 must authorise the company to borrow 

The Companies Act 2006 sets a maximum limit on the amount each type of company may borrow 

 All debentures rank equally 

 Older debentures rank above newer debentures 

 Higher value debentures rank above lower value debentures 

 Dividend payments on shares is tax-deductible, interest payments on debentures is not tax-deductible 

 Interest payments on debentures is mandatory, dividend payments on shares is discretionary 

 In the event of liquidation, shareholders are paid their investment back before the debentureholders

 A floating charge with a value of £5,000 registered on 1 January 20X1 

 A fixed charge with a value of £2,000 registered on 1 February 20X1 

 A floating charge with a value of £7,000 registered on 1 March 20X1 

 Resignation of the finance director 

 The chargee appointing a receiver 

 Sale of the assets subject to the charge 

7

14

21

 A charge may not be registered late 

 A charge may be registered late, but only if the permission of the Registrar of Companies is obtained 

 A charge may be registered late if it does not prejudice the creditors or shareholders of the company

 Where directors borrow for a non-business purpose, the loan contract is unenforceable by the lender 

 Where directors borrow a greater amount than they have the power to, the loan contract is unenforceable by the lender 

 Where directors exceed their bowering powers, the company may ratify the loan contract if it is within the capacity of the company 

 Where directors borrow for a business purpose, the loan contract is unenforceable unless it is supported by a company charge 

 A single debenture 

 Debenture stock 

 Series debentures 

 Register of debentureholders