1)Discuss The moratorium effect and the relevant sections that relate to this effect.

2)Is it mandatory for accompany to have a memorandum and articles of association? Discuss the effect of the replaceable rules on a company and its members, bearing in mind that the rules constitute a contract.

3)Under what circumstances would a statuary derivative action be applicable to a company? Mention the relevant sections of the Corporations act and provide an example of a case that has described the rationale for the statutory derivative action.