April 2025 Meetings, Compliance and Administration Past Paper Answers

Description

QUESTION ONE
(a) Capital Markets Authority (CMA) Circular No. CMA/MRT/005/2020 was issued on 27 May 2020, providing requirements for convening and conducting virtual general meetings by issuers of securities to the public.

With reference to the above statement, outline FIVE guidelines contained in the circular. (5 marks)
(b) The removal of a corporate secretary requires the passing of a board resolution to terminate the appointment and notification of the registrar of companies by filing the appropriate form CR-13 to officially record the change.

Explain FIVE grounds for the removal of a corporate secretary from office. (5 marks)

(c) Meeting etiquette is critical for effective and productive meetings.
Illustrate FIVE demonstrations of good etiquette in virtual meetings. (5 marks)

(d) Evans Kola is launching a lawsuit against XYZ publishers for a defamation claim.

Analyse FIVE elements of the claim. (5 marks)
(Total: 20 marks)

QUESTION TWO
(a) Explain FIVE duties of an appointed liquidator in the first meeting of creditors during the liquidation of a company. (5 marks)
(b) Bidii Limited Company has given a notice for a general meeting to discuss and approve the financial results for 2023/2024 Financial Year.

Outline FIVE parties that must be invited to the meeting. (5 marks)
(c) A director’s power is limited by the law, primarily through restrictions.

Summarise FIVE limitations of directors’ powers. (10 marks)
(Total: 20 marks)

QUESTION THREE
(a) Modern organisations have greatly embraced artificial intelligence in conducting and managing their meetings.
Outline FIVE ethical issues that may arise from this move. (5 marks)

(b) Compliance failures can have a negative impact on an organisation and its members of staff.

Describe FIVE strategies an organisation might adopt to restore a compliance culture after such failures. (5 marks)

(c) When asking questions in the National Assembly, members of the National Assembly must ensure that their enquiries meet certain standards.
With reference to the above statement, analyse FIVE factors that members of the National Assembly should consider when framing questions in legislative discussions. (10 marks) (Total: 20 marks)

QUESTION FOUR
(a) ABC Limited is preparing for a call on its shares.

Summarise FIVE requirements during this exercise. (5 marks)

(b) The Unclaimed Assets Law requires unclaimed dividends to be transferred to the Unclaimed Financial Assets Authority after the prescribed period.

Explain FIVE actions that a company secretary might undertake to minimise the number of outstanding dividend warrants. (5 marks)
(c) Borabora Traders carries out its business as an unlimited company.

Explain FIVE merits of operating a business as an unlimited company. (10 marks)
(Total: 20 marks)
QUESTION FIVE
(a) Explain FIVE types of classified information held within a company. (5 marks)

(b) Analyse FIVE good governance practices for the maintenance and security of minutes in electronic form. (5 marks)
(c) Nyuki Sellers is contemplating issuance of shares to the public.

With reference to the above statement, explain FIVE methods that the company might adopt to achieve this. (10 marks)
(Total: 20 marks)
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