Which of the following statements are correct regarding companies'?
1. Both public and private companies must have a minimum amount of share capital before they can commence trading.
2. The shareholders of both public and private companies cannot interfere in the management of the company.
3. The minimum number of directors for both public and private companies is two
X is in the process of setting up a private company limited by shares X is considering including certain provisions in the articles of association. Which of the following provisions would be enforceable by and against the company?
1 Dividend rights of the members
2. Terms relating to bonuses of directors
3. Payment terms of suppliers.
Which THREE of the following statements are correct in relation to the essential elements of a contract?
Which THREE of the following are characteristics of Limited Liability Partnerships ("LLPs")?
An external auditor has concluded that the financial statements of a company fairly reflect the financial position of a company. The report which the auditor issues will include which of the following?
1. Details of the company's directors
2. Details of managements' responsibilities.
3. Details of the company's performance.