Q1 The Fiji Companies Act 1983 required a private company to have a mi.pdf
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Q1 The Fiji Companies Act 1983 required a private company to have a minimum of 2 members (i.e. shareholders). [Note, the 1983 Act has now been repealed and replaced by the Companies Act 2015.] In 1996, the company we commonly know as 'Fiji Water' was created as a private company under the 1983 Act. The annual returns filed by the company with the Government Cos Office for the first few years of the company's existence listed the following shareholders: During its early years, was Fiji Water in compliance with the requirement that a private company have at least 2 shareholders? What do you think? Q2 This question concerns the business dealings detailed in FCT v Phillips. (i) First Meritable Trust is the name given to a trust arrangement. Identify and list the central components of the trust. (ii) What is the purchase price for the office equipment? (ill) The office equipment is purchased in a cash sale. Where does Feldstar Holdings get the cash from?.
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![Q1
The Fiji Companies Act 1983 required a private company to have a minimum of 2 members (i.e. shareholders).
[Note, the 1983 Act has now been repealed and replaced by the Companies Act 2015.]
In 1996, the company we commonly know as 'Fiji Water' was created as a private company under the 1983 Act.
The annual returns filed by the company with the Government Cos Office for the first few years of the company's
existence listed the following shareholders:
During its early years, was Fiji Water in compliance with the requirement that a private company have at least 2
shareholders? What do you think?
Q2
This question concerns the business dealings detailed in FCT v Phillips.
(i) First Meritable Trust is the name given to a trust arrangement. Identify and list the central components of the trust.
(ii) What is the purchase price for the office equipment?
(ill) The office equipment is purchased in a cash sale. Where does Feldstar Holdings get the cash from?](https://image.slidesharecdn.com/q1thefijicompaniesact1983requiredaprivatecompanytohaveami-230311124000-f6d7038d/85/Q1-The-Fiji-Companies-Act-1983-required-a-private-company-to-have-a-mi-pdf-1-320.jpg)
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