Question 1

Where are schemes of arrangement not used?

Accepted Answer

A)  in takeovers of companies 
B)  in restructuring 
C)  in corporate rescue activity 
D)  in setting up new businesses 
A)  in takeovers of companies 
B)  in restructuring 
C)  in corporate rescue activity 
D)  in setting up new businesses D

Question 2

What can a scheme of arrangement be used for?

Accepted Answer

A)  to restructure debt 
B)  to restructure the rights of shareholders 
C)  to restructure debt and change the rights of the shareholders 
D)  any of the above 
A)  to restructure debt 
B)  to restructure the rights of shareholders 
C)  to restructure debt and change the rights of the shareholders 
D)  any of the above D

Question 3

What is meant by scheme of arrangement?

Accepted Answer

A)  a statutory procedure that facilitates changes being made to the rights of creditors without obtaining the unanimous approval of those affected 
B)  a statutory procedure that facilitates changes being made to the rights of shareholders without obtaining the unanimous approval of those affected 
C)  a or b 
D)  the same as a demerger 
A)  a statutory procedure that facilitates changes being made to the rights of creditors without obtaining the unanimous approval of those affected 
B)  a statutory procedure that facilitates changes being made to the rights of shareholders without obtaining the unanimous approval of those affected 
C)  a or b 
D)  the same as a demerger C

Question 4

Which one of the following is not an example of restructuring a financially healthy company?

Accepted Answer

A)  returning capital to shareholders 
B)  providing returns for directors 
C)  demerging a company 
D)  in anticipation of sale 
A)  returning capital to shareholders 
B)  providing returns for directors 
C)  demerging a company 
D)  in anticipation of sale

Question 5

What is a company voluntary arrangement (CVA)?

Accepted Answer

A)  a composition in satisfaction or a company's debts involving all creditors 
B)  a composition in satisfaction or a company's debts involving all assenting creditors 
C)  a composition in satisfaction or a company's debts involving all dissenting creditors 
D)  a commitment to CSR 
A)  a composition in satisfaction or a company's debts involving all creditors 
B)  a composition in satisfaction or a company's debts involving all assenting creditors 
C)  a composition in satisfaction or a company's debts involving all dissenting creditors 
D)  a commitment to CSR

Question 6

Which of the following are not common commercial reasons behind demergers?

Accepted Answer

A)  a preliminary step before sale 
B)  internal reconstruction of a corporate group 
C)  tax advantages 
D)  disagreements between directors 
A)  a preliminary step before sale 
B)  internal reconstruction of a corporate group 
C)  tax advantages 
D)  disagreements between directors

Question 7

Which of the following is not an example of matters for which the court may make an order under section 900 Companies Act 2006?

Accepted Answer

A)  the transfer of a business undertaking 
B)  the allotting of shares 
C)  the dissolution of a company without a winding up 
D)  the dissolution of a company via a winding up 
A)  the transfer of a business undertaking 
B)  the allotting of shares 
C)  the dissolution of a company without a winding up 
D)  the dissolution of a company via a winding up

Question 8

What is meant by a demerger?

Accepted Answer

A)  the break up of businesses run by a single company 
B)  the coming together of separate businesses 
C)  the coming together of separate companies 
D)  the parting of directors from the company 
A)  the break up of businesses run by a single company 
B)  the coming together of separate businesses 
C)  the coming together of separate companies 
D)  the parting of directors from the company

Question 9

Which of the following is not a special resolution required by the section 110 procedure?

Accepted Answer

A)  a resolution to dismiss the directors 
B)  a resolution to wind up the company 
C)  a resolution to appoint a liquidator 
D)  a resolution to approve a scheme of reconstruction 
A)  a resolution to dismiss the directors 
B)  a resolution to wind up the company 
C)  a resolution to appoint a liquidator 
D)  a resolution to approve a scheme of reconstruction

Question 10

If a shareholder disapproves of the demerger which of the following can he require?

Accepted Answer

A)  that the directors buy his shares 
B)  that the other shareholders buy him out 
C)  that the liquidators buys out his shares 
D)  that the company is wound-up 
A)  that the directors buy his shares 
B)  that the other shareholders buy him out 
C)  that the liquidators buys out his shares 
D)  that the company is wound-up

Where are schemes of arrangement not used?

What can a scheme of arrangement be used for?

What is meant by scheme of arrangement?

Which one of the following is not an example of restructuring a financially healthy company?

What is a company voluntary arrangement (CVA)?

Which of the following are not common commercial reasons behind demergers?

Which of the following is not an example of matters for which the court may make an order under section 900 Companies Act 2006?

What is meant by a demerger?

Which of the following is not a special resolution required by the section 110 procedure?

If a shareholder disapproves of the demerger which of the following can he require?

Introduction to Criminal Law

Actus Reus

Mens Rea

Strict Liability

Parties to a Crime

Inchoate Offences

Capacity

General Defences

Mental Capacity Defences

Homicide

Non-Fatal Offences Against the Person

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Exam 15: Fraud

Where are schemes of arrangement not used?

What can a scheme of arrangement be used for?

What is meant by scheme of arrangement?

Which one of the following is not an example of restructuring a financially healthy company?

What is a company voluntary arrangement (CVA)?

Which of the following are not common commercial reasons behind demergers?

Which of the following is not an example of matters for which the court may make an order under section 900 Companies Act 2006?

What is meant by a demerger?

Which of the following is not a special resolution required by the section 110 procedure?

If a shareholder disapproves of the demerger which of the following can he require?

Introduction to Criminal Law

Actus Reus

Mens Rea

Strict Liability

Parties to a Crime

Inchoate Offences

Capacity

General Defences

Mental Capacity Defences

Homicide

Non-Fatal Offences Against the Person

Sexual Offences

Theft

Robbery, Burglary and Other Offences in the Theft Acts

Criminal Damage

Public Order Offences

Filters