CLL533
The court has thefollowing options for lifting of veil of incorporation EXCEPT
Answer: where the court finds that there is a director that is over 70 year old
Evans ia about to float a company and intends to raise capital from the general public and permits easy tranfer of shares by members. What is your advice on the type of company to register?
Answer: public limited company
All except __partnership, is not a feature of
Answer: every partner is not personally liable for the firms business
Generally, any company or association or partnership that is formed for the purpose of carrying on business for profit or gain must be registered if its members exceed .
Answer: 20
According to Grear L. J in Stepney Corporation v Osofsky (1937) 3 All E.R. 289 at 291, a corporate body has “no soul to be saved or body to be kickedâ€. It means that the death of a member leaves the company unharmed. This underscores the feature of ______.
Answer: Perpetual succession
Registered company is classified into
Answer: 3
A member is NOT personally liable for all the debt of the firm or company in
Answer: private limited liabilty company
authority is NOT relevant to discussion on mandatory incorporation Nigeria.
Answer: section 50 of cama
Section 7 of the UK Companies Act 2006 permits .
Answer: one man incorporation
In type of company, the liability of a member shall be to the amount he agreed to contributed to the assets of the company in the event of a winding up
Answer: company limited by guarantee
Follow me on Twitter @louisoladimeji for your Free Exam Summary and free past questions
Whatsapp: 08039407882 for your Project Writeup I Business Plan Writeup I Online Tutorial
 | Virus-free. www.avg.com |
