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Aca Law > Years Percentages > Flashcards

Years Percentages Flashcards

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1
Q

Time to claim from breach or damage for Negligence/ Tort

A

6 years

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2
Q

Time to claim injury for Negligence/ tort

A

3 years

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3
Q

Minimum for public companies share capital

A

50k

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4
Q

Directors public company private company

A

More than 2 more than 1

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5
Q

Public companies private companies should prepare their accounts in ?

A

6 9 months

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6
Q

Amend articles should be send to register

A

15 days

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7
Q

Sizes of sml

A

Turnover less than 6,5 25,9

Balance sheet less than 3,26 less than 12,9 employees less than 50 250

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8
Q

Directors age

A

16 years

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9
Q

Time to change directors in register

A

14 days

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10
Q

What proportion of directors should retire each year

A

1/3

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11
Q

Disqualification for directors

Serious offences
For persistently being in default of legislation (3 convictions in 5 years)
Minimum disqualification period
Insolvency

A

15
5
2
2 years

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12
Q

Directors contracts need approval for ?

Assets?

A

2 years

More than 10% of the company assets and 5 k 100k

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13
Q

Complete control shareholders

A

75%

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14
Q

Considerable influence

A

50%

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15
Q

Can apply for cancellation of variation of rights within 21 days

A

Class shares 15%

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16
Q

Shareholders vote meeting

A

10%

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17
Q

Notice if members resolution

A

15%

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18
Q

General meeting

A

10% shareholders

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19
Q

Directors must call a company meeting in?

It must take place in?

A

21 days

28 days

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20
Q

Members might set up a own meeting in?

A

3months

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21
Q

Notice for meeting unless >=90% Net value of shareholders ?

A

14days

22
Q

Notice for AGM

A

21 days

23
Q

Ordinary resolution

Special resolution

A

More than 50%, 77%

24
Q

Time to file special resolution in register?

A

15 days

25
Q

Written resolution must be passed, from circulation?

A

28 days

26
Q

Special meeting notice must be given in?

A

28 days

27
Q

General meetings must have at least

A

2 people

28
Q

Records must be kept for?

A

10 years

29
Q

Pre emotion rights must be considered for ?

A

21 days

30
Q

Members can get compensation for pre emotion rights

A

2 years

31
Q

Public company must have…. Paid up Nvalude shares?

A

1/4

32
Q

Shares cannot be allotted as fully paid if something happens >= ? Later

A

5 years

33
Q

Acquiring share premium

A

90% more than

34
Q

Time to refuse unlisted shares

A

2 months

35
Q

Share capital time to tell register

A

1 month

36
Q

Fixed charge invalid

A

6 months less than

37
Q

Floating g charge might be void after liquidation

A

12 months less than

38
Q

When you create a charge you have how many days to tell the register

A

21 days

39
Q

Administrator time to appoint

A

5 days

40
Q

Qualifying floating charge notice

A

2 days

41
Q

File appointment with register and get employees statement s who have 11 days

A

Les than 7 days

42
Q

Submit a statement of proposal administrator

A

Less than 8 weeks

43
Q

Void contract is

A

Is not a contract at all, parties are not bound by it. Property can be recovered even from third parties.

44
Q

Voidable contract is

A

A contract that one party might set aside. Property transfered before avoidance is usually irrecovorable from 3P

45
Q

Unenforcable contract is

A

If a party fails to perform its contract, the other party cannot compel him to do so.

46
Q

Unenforcable contracts

A

Land and guarantee should be in writing

47
Q

Lack of capacity (18 years old or not with sound mind) is a .. contract

A

Voidable

48
Q

Absence of free will( duress and undue influence)

A

Voidable

49
Q

Illegaly (not ofend public)

A

Void

50
Q

Mispresentation: A makes a pre-contractual statement of fact that is intended to enter into a contract but turns out to be untrue

A

Voidable

51
Q

If contract is not in the corret form it is

A

Unenforcable

Aca Law (2 decks)

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