By Roger Mason
Every little thing the corporate Director or corporation Secretary must understand, absolutely modern with all of the legislation, available and straightforward to exploit available and simple to useHelps you steer clear of pricey mistakesSaves time feesFully modern with the most recent lawJargon-free, full of 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 knowledge you wish and professional counsel on an enormous diversity of commonly asked - and not more commonly asked questions.Fully modern with all of the newest adjustments within the legislation and perform, it's going to prevent hours of study and provides you solutions and functional strategies to your whole queries.It will end up integral to administrators and corporate secretaries in either small, medium and big businesses, assisting to prevent dear blunders and saving time charges.
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Additional resources for 501 Questions and Answers for Company Directors and Company Secretaries (501 Questions & Answers S.)
258 At the instigation of the registrar 258 496 Can a company be struck-off without the knowledge of the members or directors? 258 497 What steps does the Registrar take before deciding to strike-off a company? 258 498 I am a director of a company that has just been struck-off by the Registrar. Am I right to be angry? 259 499 I am (or was) a director of a company that was struck-off even though it is still trading. What should I do? 259 500 During what period may an application be made to have a company restored to the register that was struck-off at the instigation of the Registrar?
Blocks of entries in the register can then, from time to time, be approved by the directors and these decisions should be minuted. The requirements concerning directors’ approval, minutes and a sealing register are exactly the same if a form of words is used instead of the company seal. 32 Are the articles relevant? They may be. Regulation 101 of Table A states: ‘The seal shall only be used by the authority of the directors or of a committee of directors authorised by the directors. ’ 461-501 • 431-460 • 362-430 • 325-361 • 303-324 • 270-302 • 213-269 • 177-212 • 93-176 • 37-92 • 1-36 21 Officers of the company 33 Who is an officer of the company?
The obvious point to make is that in the event of the company becoming insolvent the liability of the members for the company’s debts is limited by the amount of the shares that they hold. Their shares become worthless and they must pay up any unpaid sums on the shares, but that is the limit of their liability. The fact that there are shares means that there is the prospect of the members receiving dividends. There is a lot of law about shares, share capital and dividends, and the provisions of the articles will be very relevant.
501 Questions and Answers for Company Directors and Company Secretaries (501 Questions & Answers S.) by Roger Mason