篩選結(jié)果 共找出26題

How many days after creation must a charge be registered in order for it to be valid and enforceable??

A

7

B

14

C

21

?Which of the following is true concerning late registration of a company charge??

A

?A charge may not be registered late?

B

?A charge may be registered late, but only if the permission of the Registrar of Companies is obtained?

C

?A charge may be registered late if it does not prejudice the creditors or shareholders of the company

?Which of the following statements regarding directors' borrowing powers is correct??

A

?Where directors borrow for a non-business purpose, the loan contract is unenforceable by the lender?

B

?Where directors borrow a greater amount than they have the power to, the loan contract is?unenforceable by the lender?

C

?Where directors exceed their bowering powers, the company may ratify the loan contract if it is within?the capacity of the company?

D

?Where directors borrow for a business purpose, the loan contract is unenforceable unless it is?supported by a company charge?

Which of the following MUST be created using a debenture trust deed??

A

?A single debenture?

B

?Debenture stock?

C

?Series debentures?

D

?Register of debentureholders?

Which TWO of the following are advantages of using a debenture trust deed??

(1) The deed creates a charge or charges over the company's assets which creates security?

(2) A single trustee of the debentureholders is appointed so the company only has to deal with one?person?

(3) Debentures covered by a debenture trust deed have a higher priority of repayment on liquidation than?debentures not covered by a deed?

(4) The process of selling a debenture covered by a debenture trust deed is substantially faster than the?process of selling a debenture not covered by a debenture trust deed.?

A

?1 and 2?

B

?1 and 4?

C

?2 and 3?

D

?3 and 4?

?Which of the following statements regarding the differences between loan capital and share capital is?correct??

A

?Unlike loan capital, share capital does not have to be repaid?

B

?Loan capital has voting rights attached but share capital does not?

C

?Share capital offers the holder more security than loan capital?

D

?Share capital is transferable but loan capital is not?

?Which of the following statements regarding the differences between loan capital and share capital is NOT?correct???

A

?A shareholder is an owner of the company, a debentureholder is not?

B

?Shares may not be issued at a discount to their nominal value, debentures may be issued at a?discount to their nominal value?

C

?A public sale of shares is known as a prospectus, the public sale of debentures is known as a listing?

D

?There are statutory restrictions on redeeming shares, there are no statutory restrictions on?redeeming debentures?

Which of the following is the purpose of a 'negative pledge' clause on a company charge??

A

To prevent the company from issuing a subsequent charge on the same asset?

B

?To prevent the company from selling the asset without the chargee's permission?

C

To prevent the company from using the asset without the chargee's permission?

D

To ensure the company pays the proceeds from the sale of the asset to the chargeholder?

The holder of a floating charge may protect their priority by including in the terms of the charge a clause that?prevents the borrower from creating a fixed charge on the same asset.??

What is the name given to such a clause??

A

?Injunction clause?

B

?Positive pledge clause?

C

Negative pledge clause?

D

Equitable clause?

Which TWO of the following are true concerning the registration of company charges??

(1) Charges must be registered within 21 days of creation?

(2) If a charge is not registered on time then the company and its officers who created the charge are?liable to a fine?

(3) The Registrar of Companies is permitted to rectify a mistake in the registration documents of a?charge with the permission of the chargeholder?

(4) Non-registered charges are valid and enforceable with the permission of the Registrar of Companies?

A

?1 and 2?

B

?1 and 4?

C

?2 and 3?

D

?3 and 4?