By Roger Mason
Every thing the corporate Director or corporation Secretary must be aware of, totally brand new with the entire legislations, available and straightforward to exploit obtainable and simple to useHelps you steer clear of pricey mistakesSaves time feesFully modern with the most recent lawJargon-free, filled with professional adviceA goldmine of knowledge, this significant new reference paintings covers each subject of relevance to the corporate Secretary and corporate Director.You'll locate fast entry to the data you would like and professional information on an unlimited diversity of commonly asked - and not more commonly asked questions.Fully brand new with all of the newest alterations within the legislations and perform, it's going to prevent hours of study and provides you solutions and useful options to your whole queries.It will end up vital to administrators and corporate secretaries in either small, medium and massive businesses, assisting to prevent pricey errors and saving time charges.
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Additional info for 501 Questions and Answers for Company Directors and Company Secretaries (501 Questions & Answers S.)
Sample text
Regulations may permit the exclusion of companies with certain objectives. Political parties and political campaigning organisations are probable examples. 461-501 • 431-460 • 362-430 • 325-361 • 303-324 • 270-302 • 213-269 • 177-212 • 93-176 • 37-92 • 1-36 17 3. A CIC will not be able to have charitable status. However, charities will be able to have CICs as subsidiaries. 4. A CIC will be required to produce an annual community interest company report. This will be publicly available at Companies House.
The great majority of officers manage without too many problems. You might take comfort from the fact that a fine or penalty can only be imposed if the officer acted ‘knowingly and wilfully’. ’ 461-501 • 431-460 • 362-430 • 325-361 • 303-324 • 270-302 • 213-269 • 177-212 • 93-176 • 37-92 • 1-36 23 two Company constitution 37-92 Questions MEMORANDUM OF ASSOCIATION Basic questions 37-42 Changes to the memorandum 43-45 Company name 46-53 Place of registration and the registered office 54-60 Objects clause 61-65 Authorised share capital and the guarantee 66-67 Subscription clause 68 Disclosure of statutory information 69-76 ARTICLES OF ASSOCIATION Basic questions 77-90 Changes to the articles 91-92 25 TWO COMPANY CONSTITUTION two Company constitution MEMORANDUM OF ASSOCIATION Basic questions 37 Just what is the memorandum?
The Act is peppered with many references to the term ‘officer’, and it gives them certain rights and many responsibilities. Various other Acts also give responsibilities to officers. The officers of a company are accountable for it and what it does. The Companies Act provides more than 200 offences that can be committed by officers. Just one example is section 288 which relates to the register of directors and secretaries and relevant notifications to Companies House. ’ 22 501 QUESTIONS FOR COMPANY DIRECTORS AND COMPANY SECRETARIES ONE COMPANY FUNDAMENTALS Just one example from another Act is section 212 of the Insolvency Act which relates to the penalisation of directors and officers.
