100+ Free FE-1 Company Law Practice Questions
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Key Facts: FE-1 Company Law Exam
Companies Act 2014
Core Governing Statute
Law Society of Ireland FE-1 syllabus
3 hours
Single Written Paper (3.5 hrs online)
Law Society of Ireland
Answer 4 of 5
Essay/Problem Questions
Law Society of Ireland
50%
Pass Mark Per Subject
Law Society of Ireland
7 years
To Pass All 8 FE-1 Subjects
Law Society of Ireland
100+
Practice Questions Here
OpenExamPrep question bank
FE-1 Company Law is one of eight subjects in the Law Society of Ireland's FE-1, the entrance examination for solicitor training in Ireland. The paper is a single three-hour essay/problem exam (3.5 hours online) of five questions, of which candidates answer four, with a 50% pass mark. It is examined entirely on Irish law, built around the Companies Act 2014. Core topics include company types and formation through the CRO, the company constitution, separate legal personality and lifting the corporate veil, directors' duties under s.228, shares and capital maintenance, and the s.212 shareholder oppression remedy. The paper also covers debentures and charges, and the insolvency procedures of examinership, receivership, and winding-up. The FE-1 is sat twice yearly (Spring and Autumn), subjects can be taken individually, and all eight must be passed within seven years.
Sample FE-1 Company Law Practice Questions
Try these sample questions to test your FE-1 Company Law exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1Under the Companies Act 2014, what is the default company type that a person incorporates if they simply form a private limited company without electing any other form?
2A key distinguishing feature of the LTD company introduced by the Companies Act 2014 is that:
3Which of the following is a mandatory requirement for a designated activity company (DAC) under the Companies Act 2014 that distinguishes it from an LTD?
4A charity intends to incorporate a body that will have no share capital and whose members' liability is limited to an amount they undertake to contribute on a winding up. Which company form is most appropriate?
5What is the minimum number of directors an LTD (private company limited by shares) must have under the Companies Act 2014?
6Which State office is responsible for the incorporation and registration of companies in Ireland?
7Under the Companies Act 2014, when does a company come into existence as a body corporate?
8The leading authority establishing that a company is a separate legal person distinct from its members, even where one person effectively owns and controls it, is:
9In Macaura v Northern Assurance Co Ltd, the House of Lords held that a sole shareholder could not insure company-owned timber in his own name. What principle does this illustrate?
10Which of the following is the clearest statutory example of the corporate veil being lifted by the Companies Act 2014 to impose personal liability on company officers?
About the FE-1 Company Law Exam
FE-1 Company Law is one of eight subjects in the Law Society of Ireland's Final Examination - First Part (FE-1), the entrance examination that must be passed to begin solicitor training in Ireland. Each subject is examined by a single three-hour paper (3.5 hours for online sittings) of five essay and problem questions, of which candidates answer four, and a mark of 50% is required to pass. The Company Law paper is grounded in the Companies Act 2014, the consolidated code governing Irish companies, and tests company formation and registration with the CRO, separate legal personality and lifting the veil, corporate governance and the codified directors' duties, shares and capital maintenance, the s.212 oppression remedy, and corporate insolvency procedures (examinership, receivership, and winding-up). All law examined is Irish. Candidates may sit the eight FE-1 subjects individually and have seven years from their first sitting to pass all of them.
Assessment
Question count not published by the exam provider
Time Limit
3 hours (3.5 hours online)
Passing Score
50% per subject
Exam Fee
EUR 128 per subject (2026; recheck EUR 154) (Law Society of Ireland)
FE-1 Company Law Exam Content Outline
Company Types & Formation
Types of company under the Companies Act 2014 (LTD, DAC, PLC, CLG, ULC), incorporation and registration with the Companies Registration Office (CRO), the constitution and its effect, registered office and naming rules, and re-registration between company types
Separate Legal Personality & Lifting the Veil
The Salomon v Salomon principle, limited liability, and the grounds on which Irish courts will lift or pierce the corporate veil - fraud or sham, agency, single economic entity, group structures, and express statutory exceptions
Corporate Governance & Directors' Duties
Appointment, retirement and removal of directors, the powers and proceedings of the board, the eight fiduciary duties codified in s.228 of the Companies Act 2014, restrictions on loans to directors, and disclosure of interests in contracts
Shares & Capital Maintenance
Issue, transfer and classes of shares, variation of class rights, the capital maintenance doctrine, the prohibition on financial assistance and unlawful distributions, the Summary Approval Procedure, and the rules on a company acquiring its own shares
Members' Remedies
Members' meetings and voting, the rule in Foss v Harbottle and the statutory derivative action, and the oppression remedy under s.212 of the Companies Act 2014 for conduct oppressive to, or in disregard of, the interests of members
Charges & Corporate Insolvency
Debentures, fixed and floating charges and crystallisation, registration of charges with the CRO and priorities, examinership and the protection of the court, receivership, and the procedures and ranking of claims in corporate winding-up
How to Pass the FE-1 Company Law Exam
What You Need to Know
- Passing score: 50% per subject
- Assessment: Question count not published by the exam provider
- Time limit: 3 hours (3.5 hours online)
- Exam fee: EUR 128 per subject (2026; recheck EUR 154)
Keys to Passing
- Work through all 100 available questions
- Review every answer and explanation
- Track weak areas and revisit them
- Use our AI tutor for tough concepts
FE-1 Company Law Study Tips from Top Performers
Frequently Asked Questions
What is the FE-1 Company Law exam?
FE-1 Company Law is one of eight subjects in the Law Society of Ireland's Final Examination - First Part (FE-1), the entrance examination required to begin solicitor training in Ireland. The Company Law paper tests Irish company law, principally the Companies Act 2014, including formation, directors' duties, capital, members' remedies, and corporate insolvency.
How is the FE-1 Company Law paper structured?
It is a single three-hour written paper (3.5 hours for online sittings) containing five essay and problem questions, of which candidates must answer four. There are no multiple-choice questions; answers are full written essays and problem analyses. A mark of 50% is required to pass the subject.
What is the core statute for FE-1 Company Law?
The central statute is the Companies Act 2014, which consolidated and replaced the previous Companies Acts. Candidates should be familiar with its scheme for company types, the constitution, directors' duties under s.228, capital maintenance, the s.212 oppression remedy, and the insolvency procedures of examinership, receivership, and winding-up.
How much does the FE-1 cost and how often is it held?
The FE-1 is held twice a year, typically in Spring (around March) and Autumn (around October). The examination fee is approximately EUR 128 per subject (candidates should recheck the current fee, which may be around EUR 154). Each of the eight subjects is paid for and sat individually.
Do I need a law degree to sit the FE-1?
No. The FE-1 is open to graduates and others, and no specific degree is required to sit it. A law degree is common but not mandatory, so candidates from non-law backgrounds may register and prepare for the eight subjects, including Company Law.
How long do I have to pass all eight FE-1 subjects?
Candidates have seven years from their first sitting to pass all eight FE-1 subjects. The subjects may be sat individually across multiple sittings, and a pass of 50% in each subject is required. Passes achieved within the window remain valid for the seven-year period.