The principle of capital maintenance can be identified with all but one of the following. Which one is unrelated?
A) minimal share capital rules
B) prohibition on companies reducing their share capital
C) distributions to shareholders solely out of profits
D) director's duty to act in the interests of the company
Correct Answer:
Verified
Q2: A company cannot offer financial assistance to
Q3: On winding up, which of the following
Q4: For the consequences of unlawful distributions the
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Q6: Which of the following is not considered
Q7: What is a dividend?
A) a payment made
Q8: Which of the following is considered a
Q9: A company may purchase its own shares
A)
Q10: Under s.641-644 Companies Act 2006, which of
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