Practice Kit
Practice Kit
- Incorporation of Companies
Section 42
- Winding Up
Declaration of solvency
Liquidator (section 337)
Preferential payments
- Debentures
Registration of mortgages, charges
Trustee
Particulars of charge not been filed - Rectification of register of mortgages
- Insider trading
Responsibilities (3) - Duty of directors and others to disclose shareholding in
listed co., Trading by directors and others & Tender of gain to be credited to
Federal Consolidated Fund
Ambit of insider trading (2) - Inside information & Insiders
Responsibilites of a listed co. - Listed companies’ responsibilities to disclose
inside info.
Substantial shareholder (3)
Disclosure of price sensitive info.
Consequences - Offences and penalties
Powers of the SECP - Directive by the Commission
- Substantial acquisition
Issues to be placed for decision of the BOD (COCG), powers of board (CA) & general
obligations of the acquirer
Upward revision of offer (SA) & conditions for upward revision of public offer
Public announcement of intention & prohibitions on BOD of the target co. (SA)
Section 111 (2), 116, 118 & 120 (2) (SA) & Number of voting shares to be acquired
Section 113, 108, 121 & 122 (SA) & Minimum offer price
- Insurance Companies
Minimum solvency requirements
Proposal - shareholding composition, line of business & capital requirements
Identification of form of business, mandatory requirements & maximum time period
(confirmation of registration)
Comparative advantages (NBFC) - incorporation, lincensing & restrictions
- Competition Act
Deceptive marketing practices (3)
Merger, dominant position & exemption (5)
Abuse of dominant position
Claiming exemption - individual & block
Phase - I and Phase - II review (2)
Prohibited agreement (restrict the supply) & cancellation of exemption