Question 5b
Marking Guide
(b)
5–6 marks
Good to full consideration of the procedure for reducing capital. Reference must be made to the Companies Act 2006 procedure and the difference between public and private companies should be mentioned specifically.
2–4 marks
Some general knowledge but lacking in detail as regards to the process or not mentioning the difference between the two company forms.
0–1 mark
Little or no understanding of the process.