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COMPANY LAW

QUESTION ONE

1. From a functional perspective, discuss the various types of companies that one may form.

(6 marks)

1. Explain the legal distinction between a public company and a private company as envisaged under Section 30 of the Companies Act (Cap.486 Laws of Kenya). (6 marks)
2. Explain the difference between the following types of companies:
3. i) Company limited by shares

Company limited by guarantee

(3 marks)

1. Highlight anv FIVE advantages of incorporation as was established in the case of Salomon vs Saþomon& co. Ltd (1897) AC 22

(10 marks)