Law of Associations

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Faculty of Law and Management

BSc (Hons) Finance-level 2

Course: Law of Association
Submitted by:
* Sadia Hajee ABDOULA (0810593)
* Anju IMRITH (0811658)
* Deeshti PURMESSUR (0811563)
* Hanaa Wafiqua ANTOAROO (0811224)
* M A Ata’Ullah AHSEEK (0813251)
* Vimi SOOKUN (0812986)

Date: 27 April 2010
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Question 1
Peter retains your service to incorporate a private company with limited liability. Peter wants the company – a) To issue 1000 shares to be equally subscribed by each of the three shareholders with a par value of Rs 1000 per share. The legal nature of a share is set out in the companies Act 2001 and the constitution. A share shall be a movable property as per “section 46(1) of Companies Act 2001” and shall confer the following basic rights to holders of shares:

* One vote at company meetings;...
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