Syllabus E: Capital and the financing of companies

A public limited company wishes to issue new shares to raise capital. Under the Companies Act 2006, what is the general rule regarding the allotment of shares at a discount to their nominal value?

A company is considering declaring a dividend. Under the Companies Act 2006, dividends can only be paid out of 'distributable profits'. How are distributable profits defined?

A company has granted a fixed charge over its factory and a floating charge over its inventory. Which of the following statements regarding these charges is correct?

What is the purpose of statutory pre-emption rights under the Companies Act 2006?

In company law, what is a debenture?

If a company wishes to vary the rights attached to a specific class of shares, what is the standard requirement under the Companies Act 2006, assuming the Articles do not specify otherwise?

Scenario: Global Logistics Ltd is facing financial difficulties. It has a fixed charge over its warehouse in favour of Alpha Bank, and a floating charge over its fleet of trucks in favour of Beta Bank. The company owes £50,000 to its employees for unpaid wages. The directors are considering putting the company into administration to rescue it as a going concern. What happens to Beta Bank's floating charge if the company enters liquidation?