1.1 explain the concept of corporate personality and lifting the veil

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