Business Time Limits Flashcards
When must a company inform CH of change to PSCs?
14 days from change
How long must board minutes be not at registered officer?
10 years in writing no need to file at CH
How much notice is required for a general meeting?
14 clear days. Not including day meeting sent or the day of meeting.
If notice sent by post or email add extra 2 days. 17 days after notice given if posted. 15 if notice given personally.
How can a company agree to short notice for a general meeting?
Majority in number of shareholders must agree and they must together hold minimum of 90% of voting shares
Cannot be used to remove a director that needs 28 days notice
What is the deadline for passing a written resolution?
Must be passed before end of 28 days beginning on circulation date or it will lapse
When must SR be filed at CH?
15 days from date of resolution being passed. If amends AoA must also file them with CH within 15 days of amendment
What are the insolvency tests for a petitioner to apply to the court for a wind up petition for a company?
Creditor owed more than £750 has served a statutory demand on company and they have not responded for 3 weeks
Judgement been filed against company and not paid
Company unable to pay debts as fall due (cash flow test)
Value of the company’s assets is less than liabilities (balance sheet test)
How long from issuance of new shares must the share certificate be provided?
2 months
