Introduction to Company Procedure Flashcards
Who can call Board Meeting?
Director / Secretary
What is notice requirement for Board Meeting?
Whatever is the usual for directors
What matters are referred to shareholders in Board Meeting?
1) If outside of powers of directors
2) Within powers of directors but needs approval of shareholders
What is an example of outside of powers of directors?
Amending Articles of Association
What is an example of within powers of directors but requires prior approval of shareholders?
Loan to a director of company
What is notice requirement for general meeting?
14 clear days notice
What must GM notice say?
When and where
What must directors approve re notice of GM?
Form of notice and circulation to shareholders
What is the sequence of meetings of a GM?
BM 1 - To propose changes
GM 1 - To obtain shareholder approval
BM 2- To implement decision
What is included in the notice for GM?
Wording of the resolution to be put before shareholders
What happens at post-meeting matters?
Copies of any relevant documents filed at Companies House
Can you have Short Notice GM?
Yes, if sufficient members agree
What is default position for GM Short Notice voting?
If 90% of more in nominal value agree
Can both private and public pass written resolution?
Only private
When must documents affecting constiution be filed?
Within 15 days of being passed
Do ordinary / special resolutions need to be filed?
All special resolutions and some ordinary resolutions
Who is responsible for filing?
Directors / Secretary
