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15083780 ACCA F4 Corporate and Business Law Solved Past Papers

15083780 ACCA F4 Corporate and Business Law Solved Past Papers

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Published by: lucky334 on May 29, 2010
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10/03/2011

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Corporate andBusiness Law
(Pakistan)
PART2TUESDAY 7 DECEMBER 2004QUESTION PAPER
Time allowed
3 hoursThis paper is divided into two sectionsSection A
SIXquestions ONLY to be answered
Section B
TWO questions ONLY to be answered
Do not open this paper until instructed by the supervisorThis question paper must not be removed from the examinationhallThe Association of Chartered Certified Accountants
   P  a  p  e  r   2 .   2   (   P   K   N   )
FOR FREE ACCA RESOURCES VISIT: http://kaka-pakistani.blogspot.com
 
Section A – SIX questions ONLY to be attempted1Explain the constitution of the Supreme Court of Pakistan and discuss its jurisdiction under the Constitution ofthe Islamic Republic of Pakistan, 1973.(10 marks)2In the context of labour legislation explain:(a)The classification of ‘workmen’ under the West Pakistan Industrial and Commercial Employment (StandingOrders) Ordinance, 1968.
(5 marks)
(b)The scope of the Workmen’s Compensation Act, 1923.
(5 marks)
(10 marks)3In relation to the law of contract:(a)Distinguish between an ‘offer’ and ‘invitation to treat’.
(5 marks)
(b)Distinguish between ‘void’ and ‘voidable’ contracts.
(5 marks)
(10 marks)4In relation to partnerships explain:(a)The advantages of a company as a business form over a partnership.
(6 marks)
(b)The position of ‘minors as partners’ under the Partnership Act, 1932.
(4 marks)
(10 marks)5In relation to company law:(a)Describe the role of a company secretary.
(5 marks)
(b)Define the term ‘prospectus’, state its purpose and briefly state the information it should contain.
(5 marks)
(10 marks)6In relation to company law:(a)Define the term ‘share’ in the context of the share capital of a company.
(3 marks)
(b)State what rights are normally attached to ordinary shares.
(2 marks)
(c)Explain how preference shares differ from ordinary shares.
(5 marks)
(10 marks)
2
FOR FREE ACCA RESOURCES VISIT: http://kaka-pakistani.blogspot.com
 
7In relation to company law:(a)State which people are disqualified from becoming an auditor of a company under the Companies Ordinance,1984.
(6 marks)
(b)State what additional requirements are imposed on auditors by the Code of Corporate Governance.
(4 marks)
(10 marks)8In relation to company law (the Companies Ordinance, 1984):(a)Define a ‘private company’ and state its characteristics.
(4 marks)
(b)Discuss the qualifications for the appointment of a person as a director of a company.
(6 marks)
(10 marks)
3[P.T.O.
FOR FREE ACCA RESOURCES VISIT: http://kaka-pakistani.blogspot.com

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