題目

Explain:?

(i) The purpose of a share premium account?

(ii) Whether Fin can reclaim his premium payment from Irk plc?

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考點(diǎn)：Chapter17Capitalmaintenanceanddividendlaw

?(i) A company may issue shares for a price in excess of the nominal value of those shares. The excess is?called the 'share premium' and must be credited to a share premium account. The general rule is that?reduction of the share premium account is subject to the same restrictions as reduction of share?capital. No part of the account can be distributed as dividend. The account can be used to pay up fully?paid shares under a bonus issue since this operation simply converts one form of fixed capital into?another. It can also be used to pay issue expenses and commissions in respect of a new share issue.?

(ii) Applying the above to the present scenario, it is apparent that Irk plc cannot repay in cash any?amount of the share premium account to Fin or any other shareholders.??

多做幾道

材料全屏

Vlad generates a substantial income from illegal tax evasion and sought advice from Gloria (his personal accountant) on how to dispose of his illegal earnings. Gloria suggested that to disguise the source of the funds, Vlad should purchase a chain of restaurants and pass his gains from the illegal operation through the restaurants' accounts. Vlad agreed with Gloria’s proposal and appointed her as the restaurant chain’s finance director and together they passed the illegal money through the operation.

25

【論述題】

State the offence of money laundering.

State whether Gloria has any liability for money laundering.

State whether Vlad has any liability for money laundering.

材料全屏

In January the board of directors of Huge plc decided to make a takeover bid for Large plc. After the decision?was taken, but before it is announced, the following chain of events occurs:?

(1) Slye, a director of Huge plc, buys shares in Large plc?

(2) Slye tells his friend Mate about the likelihood of the takeover and Mate buys shares in Large plc?

(3) At a dinner party Slye, without actually telling him about the takeover proposal, advises his brother?Tim to buy shares in Large plc and Tim does so?

28

【論述題】

?State whether Slye committed insider dealing when he bought shares in Large plc?

?State whether Mate has any liability for insider dealing?

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