更多"Property Ltd is a company, which wa"的相关试题:
[简答题]Property Ltd is a company, which was incorporated in Hong Kong two years ago and adopts the current version of Table A of the Companies Ordinance (Cap 32) as its articles of association. The company does not state its object in its memorandum of association. The company now mainly engages in the car retailing business.
Elton is a minority shareholder of the company. Recently, he heard from other shareholders that the board of directors intends to pass a resolution to widen the scope of business of the company by making investment in the real property market. The purpose of the resolution is to increase the source of income and hence the profit of the company.
Elton and some other shareholders are not comfortable with such a decision of the board.
Required:
Advise Elton on the following:
(b) Other than commencing a legal action, whether there is any other way through which the board of directors may be stopped from passing the resolution. (4 marks)
[简答题]The Lim family incorporated Good Build Pte Ltd (‘Good Build’) as the vehicle for their renovation business. For many years, the business of Good Build was conducted with Mr and Mrs Lim and their son, Luke, as directors. Mr Lim died last year. Mrs Lim became managing director of Good Build because she had promised her husband she would take over his position as managing director. However, Mrs Lim was a shadow of her former self after her husband’s death and she lost interest in running Good Build. She signed whatever cheques and documents Luke asked her to sign and went along with all of Luke’s decisions. Luke, who was under pressure to settle his debts, subsequently perpetrated a fraud on Good Build. Good Build was wound up as an insolvent company and the liquidator wished to bring a civil action against Mrs Lim.
Required:
Discuss whether Mrs Lim has breached any duty as managing director of Good Build. (10 marks)
[简答题]Marange Steelmakers Ltd is a public company which is duly registered and is operating in terms of the laws of Zimbabwe. It is a construction company whose registered address is in Harare. It started as a private limited liability company, which converted into a public company in 2005. It was registered on the Zimbabwe Stock Exchange in February 2006 after launching a very successful Initial Public Offer (IPO) to the investing public.
Between 2006 and 2009 the company only made modest profits and did not declare a dividend. However, for the 2010 financial year the company made a massive profit after tax of $100 million and the directors decided to put aside $70 million to boost reserves and $30 million for dividends.
The majority of the shareholders were extremely unhappy over this development and at the Annual General Meeting which was held in April 2010, they decided to reallocate half of the profits after tax ($50 million) towards dividends and the other half ($50 million) towards
[简答题]Tsodilo Mines Ltd is a company which mines nickel. Themba and Tumi are two of the directors. The board of directors is offered land adjoining one of its present quarries in Mahalapye with a view to working it, but they decide that the company is in such a bad fi nancial state that it cannot afford the land. Themba and Tumi, while remaining directors of Tsodilo Mines Ltd, subsequently form another company, Kagiso Investments (Pty) Ltd, which purchases the land for P700 000·00. It is later discovered that the land is very rich in platinum. Tsodilo Mines Ltd’s fortunes are suddenly reversed and it purchases the land from Kagiso Investments (Pty) Ltd for P2 000 000·00. Themba and Tumi do not reveal their interest in the matter. After Tsodilo Mines Ltd has been working the new mine for six months, the other directors discover what has taken place.
Required:
Advise the directors of Tsodilo Mines Ltd as to the legal position. (10 marks)
[简答题]Goal Ltd is a property development company. Before its incorporation 12 months ago, its business was carried out by Hope, as a sole trader. On the formation of Goal Ltd, Hope expanded the business by asking three of his business contacts to supply additional capital in return for which they, together with Hope, became its directors. Although never formally appointed, Hope took the role and title of chief executive and the other directors left the day-to-day running of the business to him and were happy simply to receive feedback from him at board meetings.
Six months ago Hope entered into a contract, on Goal Ltd’s behalf, with Ima to produce plans for the redevelopment of a particular site that it hoped to acquire. However, Goal Ltd did not acquire the site and due to its current precarious financial position and their fear of potential losses, the board of directors has refused to pay Ima, claiming that Hope did not have the necessary authority to enter into the contract with her.
R
[简答题]Kompieno (Pty) Ltd was a private company which carried on business in Francistown as a retailer of books. The company was the wholly-owned subsidiary of Kudu Ltd which carries on business in Gaborone. Kudu Ltd is a book publisher and the main supplier of books to Kompieno (Pty) Ltd.
Kompieno (Pty) Ltd suffered a severe fall in profi tability, following which Kudu Ltd had to inject substantial capital in order to ensure the continuing solvency of the company. Despite these injections of capital, Kompieno (Pty) Ltd continued to suffer fi nancial diffi culties. In consequence, the company was placed under insolvent liquidation by the High Court in Francistown. Kudu Ltd has now received demand for payment from a number of Kompieno (Pty) Ltd’s creditors who argue that, as Kompieno (Pty) Ltd was the wholly-owned subsidiary of Kudu Ltd, the latter company is liable to pay the debts of its subsidiary in full.
Required:
Advise Kudu Ltd on whether or not it can be liable to pay the debts
[简答题]Okavango (Pty) Ltd, a company which both designs and retails female clothing, needs extra finance to expand its activities. Tiro, the company auditor, negligently audits the company accounts, which show the company operating profitably, and gives an unqualified report. The accounts and report are duly published and approved. The company is actually operating at a small loss.
(a) Ayanda, a shareholder in the company, invests a further P20,000·00 in the company on the strength of the company’s apparent profitability.
(b) Whizz Ltd, which specialises in menswear, wishes to expand into the female clothing market. The board of Whizz Ltd considers Okavango’s accounts and auditor’s report and believes that, although there are more profitable companies than Okavango (Pty) Ltd similarly specialising in female clothing, Okavango (Pty) Ltd has potential.
Whizz Ltd purchases a controlling interest in Okavango (Pty) Ltd. Later, the true financial position of the company is revealed. The effe
[简答题]Apt Ltd is a small independent book company, which specialises in publishing modern poetry. In January 2013 it signed a contract with a new poet, called Bel, to publish her second book of poems in August 2014. In March 2013, Bel won a prestigious award for her first book of poems, which had been published privately.
In the light of the fame which now attached to Bel, Apt Ltd launched an extensive advertising campaign publicising the forthcoming book. The campaign was expensive, costing ￡50,000, but it was successful in generating great interest. As a result, Apt Ltd won a contract to supply a large book club with 100,000 copies of the book, which would make them a profit of ￡250,000.
Unfortunately in May 2014, Bel informed Apt Ltd that she would not be able to supply the manuscript to it as she had signed a more rewarding contract with Cax plc, a very large publishing company.
Required:
In the context of Bel’s anticipatory breach of contract, explain any possible remedies o
[多项选择]Carad Co is an electronics company which makes two types of televisions – plasma screen TVs and LCD TVs. It operates within a highly competitive market and is constantly under pressure to reduce prices. Carad Co operates a standard costing system and performs a detailed variance analysis of both products on a monthly basis. Extracts from the management information for the month of November are shown below:
Note
Total number of units made and sold 1,400 1
Material price variance $28,000 A 2
Total labour variance $6,050 A 3
Notes
(1) The budgeted total sales volume for TVs was 1,180 units, consisting of an equal mix of plasma screen TVs and LCD screen TVs. Actual sales volume was 750 plasma TVs and 650 LCD TVs. Standard sales prices are $350 per unit for the plasma TVs and $300 per unit for the LCD TVs. The actual sales prices achieved during November were $330 per unit for plasma
[简答题]Miskin Sdn Bhd (Miskin) is a company which specialises in the trading of electronic spare parts. Ali, Badri and Cindy are its directors. Although the company was prosperous in the past it has suffered serious losses over the past three years and is now insolvent.
Six months ago, Ali and Badri, pursuant to a decision taken at a board meeting at which Cindy was not present, ordered, on credit, RM2 million worth of electronic spare parts from EZ Manufacturing Sdn Bhd (EZ). When Cindy later learned of this transaction, she questioned Ali and Badri as to how Miskin was going to pay for the goods when it was totally insolvent. They replied that they did not have any intention of paying EZ.
Last week Miskin was put into insolvent liquidation and a liquidator was appointed.
The liquidator seeks your legal advice on the following matters:
(a) whether Ali and Badri have committed any specific criminal offence under the Companies Act 1965 in respect of ordering goods on credit from EZ
[多项选择]PART ONE
·You work for a company which is going to buy a set of equipment from China. You are asked to translate a lot of specifications and instructions within four months, which is impossible. Therefore you decide to advertise for two experienced translators as soon as possible.
·Write a short note to Mr. Max Remington, the Public Relations Manager. Ask for an advertisement for two translators.
·Explain the reason
·Mention your urgency
·Write 30--40 words on your Answer Sheet.
NOTE
Dear Mr. Max Remington,
[多项选择]You work for a company which is going to buy a set of equipment from China. You are asked to translate a lot of specifications and instructions within four months, which is impossible. Therefor you decide to advertise for two experienced translators as soon as possible.
. Write a short note to Mr. Max Remington ,the Public Relation‘s manager. Ask for an advertisement for two translators.
. Explain the reason.
. Mention your urgency.
. Write 30-40 words on your Answer Sheet.
