Answer the question below. Your answer should be supported with relevant Articles / Sections from Statute Law/ Legislation and Case Law/Cases. Question 1 The objects clause of Bunga Raya Ltd, a company incorporated in 2020, provide that the business of the company is to design and create websites for hospitals. The companys two directors, Mo and Pam, own 25 per cent of the companys shares, with the remaining shares split equally between three private investors (Cheryl, Jim, and Daryl). Cheryl, Jim, and Daryl are concerned that the company could become burdened by debt, so they pass a special resolution directing the board not to borrow any capital unless first approved by an ordinary resolution. Bunga Rayas business prospects are not good and the directors believe that the company will need an injection of capital if it is to continue trading. Cheryl argues that the company should expand its business by designing and creating websites for any corporate client, not just hospitals, and if the directors agree to this, she will lend the company 100,000. A meeting is convened, but Jim and Daryl do not believe that the company should take on more debt, although Jim does believe that the company should not limit its client base to hospitals. Accordingly, Jim and Daryl vote against the loan. Believing the loan to be in the interests of the company, the board accepts the loan and use it to expand their business by taking on corporate clients. The expansion of business is a success and Bunga Raya begins to make a profit. However, Daryl believes that the company should stick to its original aim of only designing websites for hospitals, and argues that, in not doing so, it is acting outside the scope of its constitution. The board, Cheryl and Jim become tired of Daryls complaints and insert a provision in the articles, which provides the majority with the power to compulsorily purchase the shares of any minority member. They exercise this power and expel Daryl as a member. Advise Daryl. (25 marks) ( with introduction, body answer and conclusion)

Question 2

(a) Meetings enable the shareholders to know the ongoing proceedings of the company and allow the shareholders to deliberate on certain issues. There are various types of meetings held by a company. Discuss. (25 marks) ( with introduction, body answer and conclusion)

(b) Loan capital is money a firm borrows to run its business. This is most commonly done selling debentures, arranging an overdraft, or a bank loan. Is this statement true? (25 marks) ( with introduction, body answer and conclusion)

(c) The winding-up of a company is the process in which the company is brought to an end. During the process, the assets of a company are liquidated and distributed to the company's creditors. Explain ways a company can wind up. (25 marks) ( with introduction, body answer and conclusion)

this is company law and from Companies Act 2016