The distinction between (1) __________ and (2)__________ liability is central to the English legal system.
Inside information is '_____________' relating to a _____________ of securities that are price-affected and not to securities generally.
Liquidation means that a company must be ___________ and its affairs wound up.
Under model articles directors are authorised to m___________ the b___________ of the company, and e___________ the p___________ of the company.
Distributable profits may be defined as ___________ profits less ___________ losses.
A private company does not need to apply to the court to reduce its share capital if it supports its ___________ with a ___________ .