internal management part 1nbsp 15 marks register a no liability company note sect

Part 1 15 marks
Register a no liability company — note section 117(1) and (2) and form 201 — do not forget the various consents.
The company’s internal management rules must be the replaceable rules — note sections 134 and 135 but the company must also have a constitution which complies with section 112(1) and (2) ( nl co.)
The constitution must also create a class redeemable preference shares — note sections 254a(2) and (3)
Part 2 15 marks
Word limit 400 words
Research the maintenance of capital doctrine – you must research the history of the doctrine ( support your research with case analysis)– explain the benefits of the doctrine and finally research and explain the exceptions to the doctrine. Note sections 256b, 257b, 260a and 259a

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