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June 7, 2020 at 10:46 am
Hello sir, thanks for the lecture and practice exams.
But i don’t understand Q4,5 Q4. To whom is that money payable when the holder of partly paid shares pay the amount yet unpaid Answer : ‘the company’.. I thought that it is under a liquidation, all the money need to be delivered to the liquidator.
Q5 why it the surplus goes to the one who has ordinary shares?
What does it mean by ‘debentures secured by floating charges’?
May 23, 2020 at 3:55 pm
in Q1 company need to pass special resolution for liquidation. May you advise what other situations that company need to pass special resolution? and which situation only need the ordinary resolution in overall of LW GLO paper. Thanks
May 23, 2020 at 8:14 pm
You’ll never be asked to list those resolutions that need to be passed as special – I believe that there are around 16 / 20 of them
Most business carried out at an AGM requires only an ordinary resolution
Where it fits into a lecture I have identified the requirement for a special resolution but nowhere have I listed all those matters that need a special resolution
I’ve just checked on Google and see a list of 15
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