company decision making

Question 1

written resolution

Answer 1

MORE THAN 50%

Question 2

to remove auditors

Answer 2

requires ordinary resolution

Question 3

only copies of special resolutions need to be sent to companies house

Question 4

removing a directior form TM01

Answer 4

minutes need to kept at the company for 10 yrs

To dismiss a director, an ordinary resolution of the shareholders is required which requires a simple majority (more than 50%

Question 5

PSC REGISTER

Answer 5

Only those with over 25% of the company’s shares need to be on the PSC register.

Question 6

long term service contracts

Answer 6

ordinary resolution

Question 7

written resolution

Answer 7

must be proposed by shareholders holding 5 % OR MORE.

Question 8

Changing the accounting period

Answer 8

shareholders resiolution is required

Whilst there is no limit on the number of times the accounting reference period can be changed, a further change will not be effective if notice is given less than 5 years after the end of an earlier accounting reference period extension. The extension must not result in a new period exceeding 18 months. The decision is one that can be made at a board meeting. No shareholder resolution is required.