CLL804 Email: bbcnoun@gmail.com Whatsapp: 08131667008 The nature and function of meetings is very critical to every aspect of human life. Whether as a family, association, religious organisation, company, government, you must hold meetings. In the case of company, the decisions are carried through Answer: resolutions What section of Companies and Allied Matters makes provision for the powers of a liquidator? Answer: section 425 Save one the following can bring a petition for winding up by the court: Answer: the company secretary It is possible for a company to have one director at the time it commences operations. However, in order to cure this anomaly the law gives the company windows within which to remedy it Answer: six months When a company defaults in holding its annual general meeting application may be made to the Commission. Who has capacity to do this? Answer: a member The Companies and Allied Matters Act in provides that pursuant to the provisions in the articles the power to appoint a director may be donated to some particular persons. Answer: section41(3) cama Under the Companies and Allied Matters Act three categories of winding up are recognised. They are winding up by the court, voluntary winding up and winding up subject to the supervison of court. This is provided in Answer: section 401 One of the following is not a type of general meeting of a company Answer: special general meeting A shareholder entitled to attend and vote at a meeting of the company is entitled as of right to the appointment of another person in his stead. That person is called Answer: a proxy As a fiduciary, the cases in which the director must subject his motivation to self and pelf to the higher interests of the company are but one of the following: Answer: where he participates in professional conference Where the company is the petitioner, one of the following is not a constituent part of the steps involved in the presentation of the petition for winding by the court Answer: all of the options Section 246 of CAMA provides that every registered company in Nigeria must have no less than on or after commencement. Answer: two directors Although a director stands in fiduciary relationship towards the company, he can under permissible circumstances fetter his discretion and therefore vote in a particular way or manner Answer: disagree The power to enforce the observance of the fiduciary duties of the director is donated to the exclusion of all persons to Answer: the company Which of the following fell outside the steps expected to be taken in a memberVs voluntary winding up of a company Answer: relieving the company secretary The business of the company shall be managed by the board of directors who may exercise all such powers of the company or the articles required to be exercised by the members in general meeting. This can be found in Answer: section 63(3) of cama The core duty of a director is that he is a fiduciary bound, by this reason, to act honestly at all times in his capacity as such. This can be found in Answer: section 279 cama What is the time period within which the liquidator must forward his accounts including a statement of the holding of the relevant general meeting of the company. Answer: 28 days Where the board acted ultra vires which act is intra vires in relation to the company, what option is open to the latter if it desires not to upbraid the board: Answer: the articles The interest of a member who is entitled to the capital or income of a company means Answer: a share Email: bbcnoun@gmail.com Whatsapp: 08131667008