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Home Solutions 1.1 explain the concept of corporate personality and lifting the veil
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Learning outcomes
On successful completion of
this unit you will:
Assessment Criteria:
LO1
Understand the nature of a company
1.1 explain the concept of corporate personality and lifting the veil
1.2 analyse the advantages and disadvantages of
incorporation
1.3 describe the law on promoters and pre-incorporation contracts
1.4 explain the requirements for registration and
commencement of trading
LO2
Be able to draw up the
constitution of a company
2.1 apply the requirements for the memorandum to a given scenario
2.2 draw up the articles of association in a given scenario
2.3 evaluate the doctrine of ultra vires and its effect
2.4 explain the contents of a prospectus and listing
particulars
LO3
Understand share capital and capital maintenance
3.1 explain the different types of capital
3.2 assess the law on issue of shares, class rights and
dividends
3.3 discuss the law applicable to capital maintenance and
insider dealing
LO4
Understand about
shareholders, directors,
charges and insolvency
4.1 describe the duties and powers of directors
4.2 explain the rules on the different types of meetings
4.3 discuss the law on minority protection
4.4 evaluate the rights of shareholders and debenture holders
4.5 discuss rights on liquidation
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