Raising additional capital: The company’s memorandum provides an authorized capital of $1 million, to date, the company has issued shares with a total nominal value of $900,000

Bearbear | 09:04 Sun 17th Jan 2010 | Law

5 Answers

board of directors of company is seeking your advice on the followings:

To what extent will your advice vary if the company’s memorandum contains a clause prohibiting the alternation of any of its provisions?

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sara3

oh yawn.. is this still here?

ChuckFickens

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factor-fiction

I make that to be $100000.
Have I passed?

sara3

F30, you can have an A* (as I have no idea what the question meant!)

Chuck, A* for artistic talent :o)

fredpuli47

LOL @ chuck.
Not only is this homework it's homework in the US or some other country that uses dollars. Maybe Federal Law rules it .State law governs practice on lots of things (Delaware is a great one for secrecy ) but this sounds federal.
Bearbear, this is a UK site, but feel free to be ignored on a US one. US sites don't like doing coursework for students, in general.

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