Explain the Statutory and Common Law Rules that govern raising and maintenance of share capital of a company. ANSWER It is a fundamental principle of company law, that share capital be maintained. Company law has evolved principles and provisions to Open …
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a) Hopeful, a private limited company has adopted Table A as its Articles of Association. The company now, wishes to alter the Articles of Association. Outline the procedure to be followed to effect the change b) Wafula, one of the Directors of Hopeful Co. Ltd is unsure of his duty of care and skill as a director of the company. He seeks your advice on this. Advise him.
a) Hopeful, a private limited company has adopted Table A as its Articles of Association. The company now, wishes to alter the Articles of Association. Outline the procedure to be followed to effect the change b) Wafula, one of the Open …
In relation to company law: Explain the meaning of the term “Promoter”
In relation to company law: Explain the meaning of the term “Promoter” ANSWER Under the Companies Act, Promoter means “Promoter who was a party to the preparation of the prospectus or of the portion thereof containing the untrue statement but Open …
In relation to company law: Discuss the rules that govern pre-incorporation contracts
In relation to company law: Discuss the rules that govern pre-incorporation contracts ANSWER • This is a contract entered into by persons purporting to act on behalf of the company before its incorporation of the Companies Act.) • A company Open …
In relation to company law: Describe the common law duties of a Promoter
In relation to company law: Describe the common law duties of a Promoter. ANSWER • Act bona fide for the benefit of the company information. • Proper accounting. • Disclose any personal interest. • Determine and settle the name of Open …
Explain how you would verify the following: a) Investment income. b) Bank balances. c) Contingent liabilities. d) Petty cash balances.
Explain how you would verify the following: a) Investment income. b) Bank balances. c) Contingent liabilities. d) Petty cash balances. ANSWER a) Investment Income This is received mainly from two sources i.e. fixed interest deposits and shares in listed companies. Open …
Explain the following controlling procedures in a well planned audit: i. Direction and supervision of work. ii. Review and co-ordinating of work. iii. Quality controls.
Explain the following controlling procedures in a well planned audit: i. Direction and supervision of work. ii. Review and co-ordinating of work. iii. Quality controls. ANSWER Audit control involves three key elements: – (i) Direction of audit staff (ii) Supervision Open …
Audit planning process allows the audit senior to acquire adequate knowledge about the entity. This process ensure an effective control of audit work. Required: Explain the auditor‘s planning process when planning for an audit of a new client.
Audit planning process allows the audit senior to acquire adequate knowledge about the entity. This process ensure an effective control of audit work. Required: Explain the auditor‘s planning process when planning for an audit of a new client. ANSWER 1. Open …
CBET Electrical Installation Level 4 TVET CDACC Learning Guide notes
BASIC UNITS OF COMPETENCY Demonstrate Communication Skills Demonstrate Numeracy Skills Demonstrate Digital Literacy Demonstrate Entrepreneural Skills Demonstrate Employability Skills Demonstrate Environmental Literacy Demonstrate Occupational Safety and Health Practices COMMON COMPETENCIES Apply Engineering mathematics Apply Electrical principles Apply workshop processes Prepare Open …
CBET Office Assistant Level 4 TVET CDACC
BASIC UNITS OF COMPETENCY Demonstrate Communication Skills Demonstrate Numeracy Skills Demonstrate Digital Literacy Demonstrate Entrepreneural Skills Demonstrate Employability Skills Demonstrate Environmental Literacy Demonstrate Occupational Safety and Health Practices Handle Office Records Handle Office Errands Handle Office Correspondence Handle Customer Care Open …