question bank

Question 1

(a) Discuss what type of accounts need to be filed at Companies House, depending on the class (size) of the company?

Answer 1

Micro ent - £632k t/o, £316k total asset, 10 emps

Small comp - £10.2m, £5.1m, 50 emps

Medium - £36m, £18m, 250 emps

Question 2

(b) When do companies need to hold an annual general meeting (AGM)?

Answer 2

Public comps (plcs) within 6 months of accounts y/e
Private not required to have AGM but can choose to have one

Question 3

(c) Discuss Section 288 of the Companies Act 2006 concerning written resolutions.

Answer 3

Only available for private companies
Can be used for all resolutions, ordinary or special, except for removing an auditor before the end of term
Model articles state members have 28 days to vote, but can be altered
Need majority of total voting rights – not just those who voted

Question 4

(d) Discuss the different types of company meetings that a company could have and the notice period that is required to give to shareholders for each of them.

Answer 4

General meeting
AGM
Class meeting
Board meeting

Question 5

what are the notice periods for meetings?

Answer 5

for a general meeting (and AGM of a private company) the notice period is 14 days

for an AGM if a public compnay it is 21 days

for special notice of certain resolutions (e.g to remove a director/ auditor) its 28 days