CA References

Question 1

Company liabilities

Answer 1

S3

Question 2

Share capital not permitted for guarantee companies

Answer 2

S5

Question 3

One member minimum

Answer 3

S7

Question 4

Model Articles are default if no others are submitted

Answer 4

S20

Question 5

Public company name must end in ‘Plc’

Answer 5

S58

Question 6

Private company name must end in ‘Ltd’

Answer 6

S59

Question 7

Definition of ‘member’

Answer 7

S112

Question 8

Requirement to keep register of members

Answer 8

S113

Question 9

Provisions for inspection of register of members

Answer 9

S114

Question 10

Minimum director requirements for plc and ltd

Answer 10

S154

Question 11

At least one director must be a natural person

Answer 11

S155

Question 12

Requirements to keep register of directors and inspection provisions

Answer 12

S162

Question 13

Requirements to keep register of directors’ residential addresses

Answer 13

S165

Question 14

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

Answer 14

S168

Question 15

Directors owe their duties to the company, not the members

Answer 15

S170

Question 16

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

Answer 16

S190-1

Question 17

Loans to directors

Answer 17

S197-214

Question 18

Loan to directors over £10,000 require shareholder approval

Answer 18

S207

Question 19

Provisions for inspection of directors’ service contracts

Answer 19

S228

Question 20

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

Answer 20

S248

Question 21

Definition of ‘director’

Answer 21

S250

Question 22

Definition of ‘shadow director’

Answer 22

S251

Question 23

Derivative action claims

Answer 23

S260-269

Question 24

All public companies require a qualified Co Sec

Answer 24

S271

Question 25

Qualifications for a Co Sec

Answer 25

S273

Question 26

Requirement to keep register of secretaries

Answer 26

S275

Question 27

Procedure for members to propose a written resolution

Answer 27

S292-295

Question 28

Notice periods for GMs

Answer 28

S307

Question 29

Quorum for members' meetings

Answer 29

S318

Question 30

Right to appoint a proxy

Answer 30

S324

Question 31

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

Answer 31

S355

Question 32

Definition of 'quoted company'

Answer 32

S385

Question 33

Quoted and traded company accounts must be made available on website

Answer 33

S430

Question 34

Late filing of accounts is a criminal offence

Answer 34

S451

Question 35

Dormant companies are automatically exempt from audit

Answer 35

S480

Question 36

Procedure for appointing an auditor of a private company

Answer 36

S485

Question 37

Procedure for appointing an auditor of a public company

Answer 37

S489

Question 38

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

Answer 38

S502

Question 39

Auditors can't be removed by written resolution

Answer 39

S510

Question 40

Pre-emption rights

Answer 40

S561

Question 41

Public company can require shareholders to disclose beneficial ownership

Answer 41

S793

Question 42

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

Answer 42

S830

Question 43

PSCs

Answer 43

S790

Question 44

Definition of a dormant company

Answer 44

S1169

Question 45

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

Answer 45

S499

Question 46

Written resolutions

Answer 46

S288

Question 47

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

Answer 47

S336

Question 48

Plc minimum share capital

Answer 48

S763

Question 49

All companies accounts must be audited unless exempt

Answer 49

S475