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BLP_LPC_BPP - Company Procedure, general Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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BLP_LPC_BPP - Company Procedure, general Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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  • June 23, 2024
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  • 2023/2024
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  • blplpcbpp company procedure general

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  • 68W ALC LPC Eam
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  • 68W ALC LPC Eam
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BLP/LPC/BPP - Company Procedure,
general questions
How are decisions taken at a board meeting? - correct answer-By board resolution by
majority decision MA 7

What notice must be given to call a board meeting? - correct answer-whatever Reasonable
to the company Browne v La Trinidad, i.e small company, all directors in the small office a
meeting might be called immediately, international offices - something a lot longer.

What is the quorum needed for a board meeting? Can this quorum be changed? - correct
answer-MA11(2), can be fixed by the directors, minimum 2

How is the chairperson of the board of directors appointed? - correct answer-MA12, directors
can choose who/period they hold office (i.e permanent appointment or just for that meeting.

What is the authority for appointing director? - correct answer-MA 17(1)(b)

How decisions are taken at the general meeting? - correct answer-Default - show of hands
of those presenting and voting unless a poll is called MA 42, shareholders get to vote
according to the percentage of shareholding rather than one person one vote.

What is the percentage of members needed passing OR/SR - correct answer-OR: Over 50%
need to vote in favour s. 282 (1) CA
SR: A majority of not less than 75% S. 283(1) CA
In each case, of those voting or represented at the meeting, not all the shareholders,

What is the usual notice period for a General Meeting? of a private company? - correct
answer-14 clear days s. 307 (1) (14 DAYS) & s. 360(2) CA (14 Clear Days)

What is the quorum for a GM and authority? - correct answer-S. 318 (2) 2 "qualifying
persons" (defined in s. 318 (3) as including a member) shall be the quorum unless the
articles state a different number/s. 318 (1) if the company has only one member, one is
quorum.

What happens after the General Meeting - correct answer-A second board meeting will be
called, i.e to effecting the decision being decided.

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