[简答题]In the context of companies in fi nancial diffi culty, distinguish between and explain the operation of: (b) administration. (6 marks)

[简答题]In the context of companies in fi nancial diffi culty, distinguish between and explain the operation of: (a) compulsory winding up; (4 marks)

[简答题]State the fi nancial reporting requirements under the Code of Corporate Governance. (10 marks)

[简答题]OAO Trade is experiencing severe fi nancial difficulties and must raise cash quickly if it is to survive. Andrei, the general director, has suggested that the company should sell its prestigious Moscow offi ces and then lease alternative premises, thereby securing the future of the company in the medium-term. Andrei has also informed his colleagues that a company in which his family owns 30% of the shares is prepared to purchase the Moscow offi ces, though it would expect to pay somewhat less than the full market value of the premises in return for a quick purchase. Andrei’s recommendation has angered some of the shareholders in the company, as the offi ces represent a substantial proportion of the company’s assets. Required: Explain how the shareholders are protected in this situation, and the actions they can take in order to ensure that the best interests of the company are served. (10 marks)

[简答题]In the context of companies in financial difficulty, explain the meaning, effect and rules relating to the operation of administration as an alternative to winding up. (10 marks)

[简答题]

In the context of the formation of companies, explain:

(a) the statement of capital and initial shareholdings; (4 marks)

[简答题]In the context of the Companies Law, explain and distinguish the circumstances under which a company may enter: (a) voluntary liquidation; and (5 marks)

[简答题]In the context of the Companies Law, explain the duties and extent of liability of company directors. (10 marks)

[简答题]In the context of companies, explain (b) the procedure for altering class rights. (6 marks)

[简答题]In the context of companies, explain (a) class rights; and (4 marks)

[简答题]In the context of the Companies Law Cap. 113, explain the following: (c) redeemable preference shares; and (3 marks)