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Companies Act References > CA References > Flashcards

CA References Flashcards

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SAT® Prep flashcards
1
Q

Company liabilities

A

S3

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2
Q

Share capital not permitted for guarantee companies

A

S5

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3
Q

One member minimum

A

S7

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4
Q

Model Articles are default if no others are submitted

A

S20

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5
Q

Public company name must end in ‘Plc’

A

S58

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6
Q

Private company name must end in ‘Ltd’

A

S59

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7
Q

Definition of ‘member’

A

S112

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8
Q

Requirement to keep register of members

A

S113

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9
Q

Provisions for inspection of register of members

A

S114

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10
Q

Minimum director requirements for plc and ltd

A

S154

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11
Q

At least one director must be a natural person

A

S155

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12
Q

Requirements to keep register of directors and inspection provisions

A

S162

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13
Q

Requirements to keep register of directors’ residential addresses

A

S165

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14
Q

Members can remove directors by ordinary resolution but not by written resolution

A

S168

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15
Q

Directors owe their duties to the company, not the members

A

S170

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16
Q

Non-cash asset transactions over £5,000 require shareholder approval

A

S190-1

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17
Q

Loans to directors

A

S197-214

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18
Q

Loan to directors over £10,000 require shareholder approval

A

S207

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19
Q

Provisions for inspection of directors’ service contracts

A

S228

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20
Q

Minutes of Board meetings must be taken and kept for minimum ten years

A

S248

21
Q

Definition of ‘director’

A

S250

22
Q

Definition of ‘shadow director’

A

S251

23
Q

Derivative action claims

A

S260-269

24
Q

All public companies require a qualified Co Sec

A

S271

25
Q

Qualifications for a Co Sec

A

S273

26
Q

Requirement to keep register of secretaries

A

S275

27
Q

Procedure for members to propose a written resolution

A

S292-295

28
Q

Notice periods for GMs

A

S307

29
Q

Quorum for members’ meetings

A

S318

30
Q

Right to appoint a proxy

A

S324

31
Q

Minutes of Members’ meetings must be taken and kept for minimum ten years

A

S355

32
Q

Definition of ‘quoted company’

A

S385

33
Q

Quoted and traded company accounts must be made available on website

A

S430

34
Q

Late filing of accounts is a criminal offence

A

S451

35
Q

Dormant companies are automatically exempt from audit

A

S480

36
Q

Procedure for appointing an auditor of a private company

A

S485

37
Q

Procedure for appointing an auditor of a public company

A

S489

38
Q

Auditor is entitled to receive notice, attend and speak at GMs

A

S502

39
Q

Auditors can’t be removed by written resolution

A

S510

40
Q

Pre-emption rights

A

S561

41
Q

Public company can require shareholders to disclose beneficial ownership

A

S793

42
Q

Distribution can only be made out of funds available for the purpose

A

S830

43
Q

PSCs

A

S790

44
Q

Definition of a dormant company

A

S1169

45
Q

Auditors have a right of access to company’s minutes, books and records

A

S499

46
Q

Written resolutions

A

S288

47
Q

Public company must hold AGM within 6 months of end of financial year

A

S336

48
Q

Plc minimum share capital

A

S763

49
Q

All companies accounts must be audited unless exempt

A

S475

Companies Act References (2 decks)

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