Please answer the following separate scenarios, include references to case law and legislation.

a) What is the Organic Theory and explain the division of power between the Board of directors and General Meeting of Shareholders.

b) Discuss who is bound by the Constitution and replaceable rules. With respect to the different parties briefly outline the rights that may be enforced under the Constitution and replaceable rules

c) List the seven assumptions of regularity and discuss when an outsider may not be able to rely on these assumptions?

d) Detail the conditions that must be satisfied for a small scale offering to be exempt from the disclosure requirements. Also, detail when offers to wealthy investors are exempt from the disclosure requirements.