TH E U N I V ERSI TY O F PAPU A N EW GU I N EA

SCH O O L O F LA W

COURSE NAME: COMPANY LAW- 1/2024

COURSE NO: 5.40739
CREDIT POINTS: 3

TUTORIAL EXERCISES

QUESTION 1: [2 Marks Each]

Define the following terms relating to a company upon its registration. You are expected to give
emphasis on its legal implications upon registration of a company as an artificial legal entity.
(a) Independent corporate personality
(b) Limited liability
(c) Residency
(d) Perpetual Succession
(e) Separate Entity
(f) Transferrable
(g) Common Seal
(h) Lifting or Piercing of the Corporate Veil doctrine

QUESTION 2: [2 Marks Each]

Explain the following questions in the context of registration and operation of a company. What legal
implication do these documents have on the company?
(a) What is an Article of Association for a company?
(b) What is a Memorandum of Association for a company?
(c) Discuss the differences between the above documents relating to a company.

QUESTION 3 [2 Marks Each]

Explain the following questions with making reference to the Company Act 1997 and any related
cases examples should there be any.

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 (a) What is a charge for a company?
(b) Explain the procedures for registration of a charge.
(c) What are the different types of charges? Give examples.
(d) What will be the consequences for non-registration of charge?
(e) What is a fixed and floating charge means? Explain their differences.
(f) What does Crystallization of Floating Charge mean?
(g) What does Postponement of Floating Charge mean?
(h) What is a Notice of Charge?
(i) Explain the differences between a Charge and Mortgage.
(j) Explain the differences between a Charge and Pledge.
(k) Explain the differences between Charge and Guarantee.

INSTRUCTIONS:

Use appropriate legal principles, relevant cases and applicable referencing methods.

Note: The possible answers will be discussed through in your respective tutorial classes or may be
collected and marked for your assessment purposes.

Complied by:

ANTON SEMEKO LLB.MBA.DBus.CMA.FCMA.

Course Lecturer

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