A

Posted by on Feb 10, 2020 in Law & Jurisprudence | 0 comments

EXAMS MODULE A

1.‘The ambition of creditor protection would be defeated if, once the [capital] funds had been received, the company were completely free to return them to the members, thereby adversely affecting the creditors’ overall position vis-à-vis the company.’ (Sealy and Worthington) Discuss.

Companies Act 2006 seeks to ensure that a company’s capital is maintained in the company’s possession and, therefore, gives an accurate picture of the company’s finances. The principal anxiety

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