Question

1. Jipange Ltd has a share capital of Ksh 50,000. The membership of the Company has reduced from forty Five members (45) to One(1) member. The register of members was not properly kept. The directors of Jipange Ltd have sought your advice regarding the maintenance of Company Register of members.

1. Outline four particulars which might have been contained in Jipange Ltd former register of members.

Indicate the contents of Jipange Ltd current register of members.

Answer 1

Answer:-

Given That:-

Jipange Ltd has a share capital of Ksh 50,000. The membership of the Company has reduced from forty Five members (45) to One(1) member. The register of members was not properly kept. The directors of Jipange Ltd have sought your advice regarding the maintenance of Company Register of members

a.Outline four particulars which might have been contained in Jipange Ltd former register of members.

Indicate the contents of Jipange Ltd current register of members. (10 Marks)

Given,

Four particulars that might have been contained in the register of members are name and address of each member, the date of becoming members, date on which they ceased to be a member and the details of shares held and amounts paid to them.

The contents in the current register of members are:

· Names of members,

· Address,

· E-mail id,

· Unique Identification Number,

· Father’s/Mother’s/Spouse’s name’

· Occupation status,

· Nationality,

· Date of becoming member,

· Amount of guarantee,

· Any other interests,

· Specific Instructions

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