SGS 1 - business media

Question 1

Which section of CA 2006 says that a private company must have at least 1 director?

Answer 1

S154(1)

Question 2

Which section of CA 2006 says that a public company must have at least 2 directors?

Answer 2

s154(2)

Question 3

Which section of CA 2006 says that a public company’s name must end with PLC?

Answer 3

s58(1)

Question 4

Which section of CA 2006 says that a private company’s name must end with ‘limited’ or ‘LTD’?

Answer 4

s59(1)

Question 5

Which section of CA 2006 says that a public company must have a company secretary?

Answer 5

s271

Question 6

Which section of CA 2006 says that a private company is not required to have a company secretary?

Answer 6

s270(1)

Question 7

Which section of CA 2006 prescribes the minimum share capital of a public company and what is the minimum?

Answer 7

s763(1). The minimum is £50,000 or the euro equivalent

Question 8

Which section of CA 2006 says that at least 1/4 of a public company’s share capital must be paid-up?

Answer 8

s586(1)

Question 9

Which section of CA 2006 says that a private company may not offer shares to the public at large?

Answer 9

s755(1)(a)

Question 10

Which section of CA 2006 says that a public company must not accept work/services as consideration for the allotment of shares?

Answer 10

s585(1)