1 2 A B C D E F G H I J L M N O P Q R S T U V W

We have a company that a Director had resigned and redeemed his shares in 2011. Is he allowed to act as the Secretary of that company now?

Only certain persons are disqualified from being Company Secretary. This includes; Undischarged Bankrupt – S.132 CA2014 Statutory Auditor of the Company Someone who falls into the disqualified person category sunder S.838 CA2014 While not prohibited, it is best practice that a restricted person is not a Company Secretary. Unless the ex-Director falls under these categories […]

We need to get the approval from the shareholders for a transaction in a limited company. Do we need to hold an EGM or would a written resolution be sufficient?

The constitution of the Company and any shareholders agreement should be reviewed to see if any clauses relate to holding EGMs or that disapply written resolutions of the members. If it is not disapplied then a written resolution if sufficient. Just to flag, an ordinary resolution this is not required to be filed with the […]

We need to get the approval from the shareholders for a transaction in a limited company. Do we need to hold an EGM or would a written resolution be sufficient?

Question: We need to get the approval from shareholders for a transaction in a company. Would this mean that we we would need to hold an EGM and would a written resolution be sufficient? Answer: The constitution of the Company and any shareholders agreement should be reviewed to see if any clauses relate to […]