1
BLP
BLP EXAM QUESTIONS WITH CORRECT
VERIFIED SOLUTIONS 100%
GUARANTEED PASS (LATEST UPDATE)
Ways to indemnify directors - ANS ✓1. insurance
2. QTPIP s234 (copy at registered office, disclose in directors' report)
s205 - SH approval not required
3. pension scheme indemnity
s304/305 - ANS ✓Board can delay matters (not clear days!)
notice: 21 days
meeting: 28 days from day 22 if cooperative board
total 50 days
non-cooperative board
Day 23 - SH to step in and call GM (14 clear days)
Day 38 for GM
Derivative action - ANS ✓s260 - SH can bring claim on behalf of company
against director if director breaches duty
- remedy granted for benefit of company
s994 - ANS ✓petition to apply to court for an order where member has been
unfairly prejudiced by the company's conduct/acts/omissions
- remedy granted for benefit of members
BLP EXAM
, 2
BLP
Foss v Harbottle - ANS ✓Derivative Action - which allows a minority
shareholder to bring a claim on behalf of the company (minority shareholder
remedies)
s260-263
Pedley v Inland Waterways Association Ltd - ANS ✓- directors refuse to place
the s.168 CA 2006 resolution on the agenda for the general meeting because they
are not bound to place
the removal resolution on the agenda for consideration at a forthcoming
general meeting
Bushell v Faith - ANS ✓- involved a family company, father of the business had
three adult children; 2 daughters and a son. Difficulty was the son hated the
sisters and vice versa. Father was worried that holding 2/3 of the vote (sisters)
would push the brother out.
- give a director, who is also a shareholder, weighted voting rights at a general
meeting at
which a s.168 CA 2006 resolution is proposed
Who is an employee? - ANS ✓1. economic reality/multiple test (whole picture)
2. integration test (staff training, email, meetings, uniform?)
3. control test -degree of operational control (what work is done where, how?)
4. mutuality of obligation test - right to send substitute (obligation on company to
provide work/ on employee to perform work personally)
Wrongful dismissal - ANS ✓- contractual claim/breach of contract without
any/sufficient notice or gross misconduct
- try to put into position before dismissal, therefore employee will be entitled to
net salary benefits had contract been properly performed
BLP EXAM
BLP
BLP EXAM QUESTIONS WITH CORRECT
VERIFIED SOLUTIONS 100%
GUARANTEED PASS (LATEST UPDATE)
Ways to indemnify directors - ANS ✓1. insurance
2. QTPIP s234 (copy at registered office, disclose in directors' report)
s205 - SH approval not required
3. pension scheme indemnity
s304/305 - ANS ✓Board can delay matters (not clear days!)
notice: 21 days
meeting: 28 days from day 22 if cooperative board
total 50 days
non-cooperative board
Day 23 - SH to step in and call GM (14 clear days)
Day 38 for GM
Derivative action - ANS ✓s260 - SH can bring claim on behalf of company
against director if director breaches duty
- remedy granted for benefit of company
s994 - ANS ✓petition to apply to court for an order where member has been
unfairly prejudiced by the company's conduct/acts/omissions
- remedy granted for benefit of members
BLP EXAM
, 2
BLP
Foss v Harbottle - ANS ✓Derivative Action - which allows a minority
shareholder to bring a claim on behalf of the company (minority shareholder
remedies)
s260-263
Pedley v Inland Waterways Association Ltd - ANS ✓- directors refuse to place
the s.168 CA 2006 resolution on the agenda for the general meeting because they
are not bound to place
the removal resolution on the agenda for consideration at a forthcoming
general meeting
Bushell v Faith - ANS ✓- involved a family company, father of the business had
three adult children; 2 daughters and a son. Difficulty was the son hated the
sisters and vice versa. Father was worried that holding 2/3 of the vote (sisters)
would push the brother out.
- give a director, who is also a shareholder, weighted voting rights at a general
meeting at
which a s.168 CA 2006 resolution is proposed
Who is an employee? - ANS ✓1. economic reality/multiple test (whole picture)
2. integration test (staff training, email, meetings, uniform?)
3. control test -degree of operational control (what work is done where, how?)
4. mutuality of obligation test - right to send substitute (obligation on company to
provide work/ on employee to perform work personally)
Wrongful dismissal - ANS ✓- contractual claim/breach of contract without
any/sufficient notice or gross misconduct
- try to put into position before dismissal, therefore employee will be entitled to
net salary benefits had contract been properly performed
BLP EXAM
