Beeco Ltd has a class of preference shares with a 2% preferential dividend. The company wishes to alter the preferential dividend to 1.5%. Which of the following statements is true?Choose one answer. a. The company can only make the alteration if all the preferential shareholders agree to it b. The company can only make the alteration if 75% of the company's members agree c. The company can only make the alteration if 75% of the preferential shareholders agree to it d. The alteration cannot be made in any circumstances because it is a variation of class rights IncorrectMarks for this submission: 0/1.Marks: 1 When will a director be automatically disqualified (ie no need for an order of the court)?Choose one answer. a. When he is found liable for fraudulent trading b. When he is found liable for wrongful trading c. When he has failed to file company returns for more than two consecutive years d. When he is made personally bankrupt IncorrectMarks for this submission: 0/1.Marks: 1 Can a share be lawfully issued for less than its nominal value?Choose one answer. a. No, not in any circumstances b. Yes, but only if the company's shares are curre ...
To Order an Original Plagiarism Free Paper on the Same Topic Click Here
Other samples, services and questions:
When you use PaperHelp, you save one valuable — TIME
You can spend it for more important things than paper writing.
