Disqualification

MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs

Discuss four compelling justifications for disqualification of persons as Directors or Key Management in MFIs under Section 58 of Act 930.

Question

Section 58 of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930) prohibits a person from being appointed, elected or from accepting an appointment or election as a Director or Key Management Person of an MFI. Discuss 4 compelling justifications of the disqualification of a person appointed, elected or from accepting an appointment or election as a Director or Key Management Person of an MFI.

(20 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Directors, Disqualification, Key Management, MFIs, Section 58 Act 930
Level: Level 4

Topic: Microfinance Institutions Regulation and Supervision
Series: OCT 2022

MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs

Discuss four compelling justifications for disqualification of persons as Directors or Key Management in MFIs under Section 58 of Act 930.

Question

(20 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Directors, Disqualification, Key Management, MFIs, Section 58 Act 930
Level: Level 4

Topic: Microfinance Institutions Regulation and Supervision
Series: OCT 2022

BL – Nov 2011 – L1 – SA – Q11 – Company Law

Identify who cannot be a company director.

Question

An individual shall NOT be a director of a company if he is:
A. More than 19 years of age
B. Of sound mind
C. A discharged bankrupt
D. Less than 18 years of age
E. Of voting age

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Director, Company Law, Disqualification
Level: Level 1

Topic: Company Law
Series: NOV 2011

BL – Nov 2013 – L1 – SB – Q4 – Company Law

Explaining the disqualification and circumstances for vacating office as a director.

Question

Directors of a company are the executives that direct the “mind and will” of the company. Persons who occupy such important positions must have certain attributes.

You are required to:
(a) Explain briefly TWO types of persons that are disqualified from being Directors of a company. (5 Marks)
(b) Explain briefly FIVE circumstances under which a person must vacate office as a Director.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Corporate Governance, Directors' Removal, Disqualification
Level: Level 1

Topic: Company Law
Series: NOV 2013

BL – Nov 2019 – L1 – SB – Q1c – Company Law

Explanation of circumstances that may disqualify a director from office.

Question

Company directors are appointed by the shareholders to manage the company.
Required:
Explain briefly FIVE circumstances that may disqualify a director from office. (10 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Directors, Disqualification, Shareholders
Level: Level 1

Topic: Contract Law
Series: NOV 2019

BL – MAY 2016 – L1 – SA – Q14 – Company Law

This question examines conditions that disqualify someone from being a director of a company.

Question

The following are disqualified from being directors of a company EXCEPT
A. A person under the age of 18
B. An insolvent person
C. A person certified to be insane
D. A 30-year-old unemployed person
E. A corporate other than its accredited representative

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Directors, Disqualification
Level: Level 1

Topic: Company Law
Series: MAY 2016

BCL – July 2023 – L1 – Q3b – Company Directors and Other Officers

Explain factors disqualifying an individual from being a director and the legality of using a substitute director.

Question

Atibie family owned an enterprise devoted to the supply of plumbing materials. A business adviser working with H&H Bank advised the family to convert from an enterprise to a limited liability company to qualify for a discounted interest loan facility. The head of Atibie family stated as follows: “Any member of the family can be appointed as a board member of the new company.”

The head of Atibie family reasons that the company can make use of a Substitute Director in case they have no one to appoint as a substantive Director.

Required:

i) Explain FIVE (5) factors that could disqualify a member of Atibie family from being appointed a member of the board. (10 marks)

ii) Explain why the head of Atibie family is right or wrong on the use of a Substitute Director. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Companies Act, Company Directors, Disqualification, Substitute Director
Level: Level 1

Topic: Company directors and other officers
Series: JULY 2023

MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs

Discuss four compelling justifications for disqualification of persons as Directors or Key Management in MFIs under Section 58 of Act 930.

Question

(20 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Directors, Disqualification, Key Management, MFIs, Section 58 Act 930
Level: Level 4

Topic: Microfinance Institutions Regulation and Supervision
Series: OCT 2022

MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs

Discuss four compelling justifications for disqualification of persons as Directors or Key Management in MFIs under Section 58 of Act 930.

Question

(20 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Directors, Disqualification, Key Management, MFIs, Section 58 Act 930
Level: Level 4

Topic: Microfinance Institutions Regulation and Supervision
Series: OCT 2022

BL – Nov 2011 – L1 – SA – Q11 – Company Law

Identify who cannot be a company director.

Question

An individual shall NOT be a director of a company if he is:
A. More than 19 years of age
B. Of sound mind
C. A discharged bankrupt
D. Less than 18 years of age
E. Of voting age

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Director, Company Law, Disqualification
Level: Level 1

Topic: Company Law
Series: NOV 2011

BL – Nov 2013 – L1 – SB – Q4 – Company Law

Explaining the disqualification and circumstances for vacating office as a director.

Question

Directors of a company are the executives that direct the “mind and will” of the company. Persons who occupy such important positions must have certain attributes.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Corporate Governance, Directors' Removal, Disqualification
Level: Level 1

Topic: Company Law
Series: NOV 2013

BL – Nov 2019 – L1 – SB – Q1c – Company Law

Explanation of circumstances that may disqualify a director from office.

Question

Company directors are appointed by the shareholders to manage the company.
Required:
Explain briefly FIVE circumstances that may disqualify a director from office. (10 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Directors, Disqualification, Shareholders
Level: Level 1

Topic: Contract Law
Series: NOV 2019

BL – MAY 2016 – L1 – SA – Q14 – Company Law

This question examines conditions that disqualify someone from being a director of a company.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Directors, Disqualification
Level: Level 1

Topic: Company Law
Series: MAY 2016

BCL – July 2023 – L1 – Q3b – Company Directors and Other Officers

Explain factors disqualifying an individual from being a director and the legality of using a substitute director.

Question

The head of Atibie family reasons that the company can make use of a Substitute Director in case they have no one to appoint as a substantive Director.

Required:

i) Explain FIVE (5) factors that could disqualify a member of Atibie family from being appointed a member of the board. (10 marks)

ii) Explain why the head of Atibie family is right or wrong on the use of a Substitute Director. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Companies Act, Company Directors, Disqualification, Substitute Director
Level: Level 1

Topic: Company directors and other officers
Series: JULY 2023

Question Tag: Disqualification

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs

Discuss four compelling justifications for disqualification of persons as Directors or Key Management in MFIs under Section 58 of Act 930.

MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs

Discuss four compelling justifications for disqualification of persons as Directors or Key Management in MFIs under Section 58 of Act 930.

BL – Nov 2011 – L1 – SA – Q11 – Company Law

Identify who cannot be a company director.

BL – Nov 2013 – L1 – SB – Q4 – Company Law

Explaining the disqualification and circumstances for vacating office as a director.

BL – Nov 2019 – L1 – SB – Q1c – Company Law

Explanation of circumstances that may disqualify a director from office.

BL – MAY 2016 – L1 – SA – Q14 – Company Law

This question examines conditions that disqualify someone from being a director of a company.

BCL – July 2023 – L1 – Q3b – Company Directors and Other Officers

Explain factors disqualifying an individual from being a director and the legality of using a substitute director.

MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs

Discuss four compelling justifications for disqualification of persons as Directors or Key Management in MFIs under Section 58 of Act 930.

MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs

Discuss four compelling justifications for disqualification of persons as Directors or Key Management in MFIs under Section 58 of Act 930.

BL – Nov 2011 – L1 – SA – Q11 – Company Law

Identify who cannot be a company director.

BL – Nov 2013 – L1 – SB – Q4 – Company Law

Explaining the disqualification and circumstances for vacating office as a director.

BL – Nov 2019 – L1 – SB – Q1c – Company Law

Explanation of circumstances that may disqualify a director from office.

BL – MAY 2016 – L1 – SA – Q14 – Company Law

This question examines conditions that disqualify someone from being a director of a company.

BCL – July 2023 – L1 – Q3b – Company Directors and Other Officers

Explain factors disqualifying an individual from being a director and the legality of using a substitute director.

Our offerings

Community

Contact Info

Customer

Get In Touch

Question Tag: Disqualification

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs

Discuss four compelling justifications for disqualification of persons as Directors or Key Management in MFIs under Section 58 of Act 930.

You're reporting an error for "MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs"

MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs

Discuss four compelling justifications for disqualification of persons as Directors or Key Management in MFIs under Section 58 of Act 930.

You're reporting an error for "MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs"

BL – Nov 2011 – L1 – SA – Q11 – Company Law

Identify who cannot be a company director.

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q11 – Company Law"

BL – Nov 2013 – L1 – SB – Q4 – Company Law

Explaining the disqualification and circumstances for vacating office as a director.

You're reporting an error for "BL – Nov 2013 – L1 – SB – Q4 – Company Law"

BL – Nov 2019 – L1 – SB – Q1c – Company Law

Explanation of circumstances that may disqualify a director from office.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q1c – Company Law"

BL – MAY 2016 – L1 – SA – Q14 – Company Law

This question examines conditions that disqualify someone from being a director of a company.

You're reporting an error for "BL – MAY 2016 – L1 – SA – Q14 – Company Law"

BCL – July 2023 – L1 – Q3b – Company Directors and Other Officers

Explain factors disqualifying an individual from being a director and the legality of using a substitute director.

You're reporting an error for "BCL – July 2023 – L1 – Q3b – Company Directors and Other Officers"

MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs

Discuss four compelling justifications for disqualification of persons as Directors or Key Management in MFIs under Section 58 of Act 930.

You're reporting an error for "MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs"

MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs

Discuss four compelling justifications for disqualification of persons as Directors or Key Management in MFIs under Section 58 of Act 930.

You're reporting an error for "MRB – OCT 2022 – L4 – Q6 – Justifications for Disqualification of Directors in MFIs"

BL – Nov 2011 – L1 – SA – Q11 – Company Law

Identify who cannot be a company director.

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q11 – Company Law"

BL – Nov 2013 – L1 – SB – Q4 – Company Law

Explaining the disqualification and circumstances for vacating office as a director.

You're reporting an error for "BL – Nov 2013 – L1 – SB – Q4 – Company Law"

BL – Nov 2019 – L1 – SB – Q1c – Company Law

Explanation of circumstances that may disqualify a director from office.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q1c – Company Law"

BL – MAY 2016 – L1 – SA – Q14 – Company Law

This question examines conditions that disqualify someone from being a director of a company.

You're reporting an error for "BL – MAY 2016 – L1 – SA – Q14 – Company Law"

BCL – July 2023 – L1 – Q3b – Company Directors and Other Officers

Explain factors disqualifying an individual from being a director and the legality of using a substitute director.

You're reporting an error for "BCL – July 2023 – L1 – Q3b – Company Directors and Other Officers"

Our offerings

Community

Contact Info

Customer

Get In Touch

admin

Pick a Form