BA4 Exam Dumps : Fundamentals of Ethics, Corporate Governance and Business Law

The company must pass a special resolution to authorize the reduction of capital.

The reduction must be approved by the court.

It is not necessary for the company’s Articles of Association to authorize a reduction of capital.

The directors must make a solvency statement.

All courts below the Supreme Court  may refer a case involving European Law to the European Court of Justice for a preliminary ruling.

Supreme Court must refer a case involving European Law to the European Court of Justice for a preliminary ruling.

An English court is not bound to give effect to a preliminary ruling of the European Court of Justice.

A preliminary ruling of the European Court of Justice is sent back to the Court which referred the question and must be given effect by that court.

The objects clause will be treated as if it remains in the Memorandum of Association.

The objects clause will be treated as if it is a provision in the Articles of Association.

Exe Ltd will be treated as if it has no objects clause.

The objects clause will be treated as if it only applies to Exe Ltd's directors.