Discuss the provisions of the Companies Act which govern the alteration of the articles of association of a company.

Q: what circumstances a company may be wound up.

A: Here are some of the situations where a company may wound up.

Q: Differentiate between voluntary and involuntary liquidation of a company and outline the…

A: Liquidation is the process of getting a business shut down and distributing its assets to claimants.…

Q: What are bylaws of a corporation?

A: Corporate bylaws: The bylaws of a corporation are a set of rules established by the company's…

Q: explain the limitation of the corporate constitution as a statutory contract to empower the members…

A: Section 140 (1) of the Corporations Act gives company constitutions contractual force. A…

Q: Explain common forms of business ownership—soleproprietorship, partnership, and corporation—and…

A: A form of business that is owned and controlled by an individual and does not have a separate legal…

Q: For the purposes the Incorporation of the Company, explain what is the Promoter duties.

A: Incorporation of company means beginning or initial level of startup of company. Promoters of…

Q: 1) Describe the Oman Companies Formation act and procedure?

A: Companies:- A company is considered as the legal entity that is formed by the group of individuals…

Q: what is the difference between a sole trader , pafrtenership and a company . explain

A: Sole proprietorship in easy words could be a one-person business organization. moreover, a sole…

Q: Explain the reasons for preparing and providing a shareholder agreement.

A: The shareholder agreement is the agreement between the shareholders and the board of the company. In…

Q: a) What an associate is and explain the accounting requirements relating to having an associate and…

A: Companies invest money into another company and that company in which the investment is made becomes…

Q: What is the basis of a stockholder's right of inspection of the corporation's books and records

A: Stockholders or Shareholders are the people holding equity shares of a company. Shareholders are the…

Q: Choose the correct. What does the term incorporation by reference mean?a. The legal incorporation of…

A: Securities Exchange Commission (SEC): This is the government agency governs the working of financial…

Q: Define corporation and explain the effects of the continuous inoperation of a corporation.

A: Corporation: A corporation is a legal entity that exists independently of its owners and has its own…

Q: Based on section 14(3) of the Companies Act 2016, elaborate the process of application of…

A: Every company needs to be incorporated before it start its functions. For incorporating the company,…

Q: e

A: Company constitution is a document outlining the rules that govern the director-shareholder…

Q: Does the election of one form of management create a difference in the fiduciary duties of members…

A: Limited liability Company: Limited Liability Company refers to a business structure where the owners…

Q: 87. Which is not one of the basic shareholders' rights? O A. The right to participate in earnings.…

A: Since there are multiple questions, we will answer only the first question. If you want the…

Q: Identify if statements are true for the corporate form of organization. It is a separate legal…

A: Corporation: The form of business entity ,which is incorporated by state law into a separate legal…

Q: Which of the following may not be used as the name for a corporation? a) Wayne enterprise ,Inc. b)…

A: Option A is the correct answer.

Q: Explain Limited Liability Companies?

A: INTRODUCTION:- A limited liability company (LLC) is a business structure for private companies in…

Q: Which type of business structure requires that all shareholders be licensed? Question 1 options: a)…

A: A corporation is a separate legal entity created under the eyes of the law, i.e., a formal…

Q: 1. What are the powers of liquidator in the case of winding up of a company?

A: Liquidator:   It is a person appointed to handle the procedure of liquidation. All assets are sold…

Q: Which descriptor relates to the imcome approach for valuing corporations?

A: Income capitalization approach or income approach is defined as the type of the appraisal method or…

Q: What is meant by agency problem in the context of a public limited company

A: Public limited company is a kind of company that have a legal existence other than its owners and…

Q: What does the term incorporation by reference mean?a. The legal incorporation of a company in more…

A: The term incorporation by reference: Filing information with the SEC by indicating that the…

Q: Which of the following acts does NOT require an amendment to the Articles of Incorporation of a…

A: The answer for the multiple choice question and relevant explanation are presented hereunder :

Q: What is meant by the 'Agency problem' in the context of a Public Limited Company? How is it…

A: The question is based on the concept of Financial Analysis.

Q: Compare the Statement of Profit or Loss and Statement of Financial Position of a sole trader with…

A: A sole trader, often known as a sole proprietorship, is a straightforward business form in which one…

Q: Does appraisal right  of any stockholder when the corporation is buying or acquiring another…

A: Appraisal right refers to the right of the shareholder to seek  fair valuation of the shares owned…

Q: Discuss the related party party disclosure required in the financial statements of Terrier plc only.

A: IAS 24 Related Party Disclosures Related party disclosure is important in financial statements that…

Q: The articles of incorporation differ from the by-la tion are: a. the rules of action adopted by a…

A: Since you have asked multiple questions, we will solve the first question for you. If youwant any…

Q: After a company receives a charter, what are the rules and procedures prepared by the corporate…

A: Corporate Affairs governed by the governing rules , when corporate formed first act of the board of…

Q: What requirments are imposed on publicly traded corporations by the Sarbanes-Oxley Act?

A: Fraud: It is the intentional misrepresentation of facts or information for the motive of personal or…

Q: Explain the difference between an S corporation and a limited- liability company.

A: Introduction: A limited liability company is a corporate group that has a business or entity with a…

Q: Are the stockholders of a corporation are considered as residual claimant of the business…

A: A shareholder, often called a stockholder, is a person, organization, or institution that owns at…

Q: Which type of business has ownership interests that cannot be transferred to other parties without…

A: In both corporation and limited liability companies the ownership interest cannot be transferred to…

Q: Which accounting principle states that companies and owner should be treated as separate entities

A: A company is formed by the owner of the company but the owner is treated as separate entities and…

Q: The authorized stock of a corporation a. must be recorded in a journal entry in the accounting…

A: Corporation is a legal entity separate from its members. It can issue shares to the general public…

Q: What are the different accounting entries to be passed in the books of the new firm at the time of…

A: Amalgamation refers to a situation in which two or more companies combine together and form a new…

Q: Describe the differences between a Subchapter S corporation and a Subchapter C corporation.

A: Corporation: A corporation is a form of business entity that is incorporated through the state…