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Companies Act Provisions Summary (Chronological) $3.92   Add to cart

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Companies Act Provisions Summary (Chronological)

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A summary of the provisions to Companies Act 2006 (and other legislation) for the purpose of Business Law and Practice module of the LPC. Provisions are colour coded by BPP LPC SGSs.

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  • April 28, 2021
  • 6
  • 2020/2021
  • Summary
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COMPANIES ACT 2006
3 Limited and unlimited companies
7 Method of forming company
8(1) Memorandum of association
9 Registration documents
10 Statement of capital and initial shareholdings
15 Issue of certificate of incorporation
16 Effect of registration
17 A company’s constitution
18 Articles of association
20 Default application of model articles
21 Amendment of articles
26 Registrar to be sent copy of amended articles
28(1) Existing companies: provisions of memorandum treated as provisions of articles
29 Resolutions and agreements affecting a company’s constitution
30 Copies of resolutions or agreements to be forwarded to registrar
31(1) – (3) Statement of company’s objects
33 Effect of company’s constitution
39 A company’s capacity
40 Power of directors to bind the company
43 Company contracts
44 Execution of documents
45 Common seal
46 Execution of deeds
47 Execution of deeds or other documents by attorney
51 Pre-incorporation contracts, deeds and obligations
53 Prohibited names
54 Names suggesting connection with government or public authority
55 Other sensitive words or expressions
57 Permitted characters etc.
58 Public limited companies
59 Private limited companies
66 Name not to be the same as another in the index
67 Power to direct change of name in case of similarity to existing name
77 Change of name
78 Change of name by special resolution
79 Change of name by means provided for in company’s articles
80 Change of name: registration and issue of new certificate of incorporation
81(1) Change of name: effect
82 Requirement to disclose company name etc.
86 A company’s registered office
87 Change of address of registered office
112 The members of a company
113(1) – (2) Register of members
123 Single member companies
154 Companies required to have directors
162 Register of directors
167 Duty to notify registrar of changes (in directors)
168 Resolution to remove director
169 Director’s right to protest against removal
170 Scope and nature of general duties (of directors)
171 Duty to act within powers
172 Duty to promote the success of the company
173 Duty to exercise independent judgment
174 Duty to exercise reasonable car, skill and diligence

, 175 Duty to avoid conflicts of interest
176 Duty not to accept benefits from third parties
177 Duty to declare interest in proposed transaction or arrangement
182 Declaration of interest in existing transaction or arrangement
183 Offence of failure to declare interest
184 Declaration (of interest) made by notice in writing
185 General notice treated as sufficient declaration (of interest)
188 Directors’ long-term service contracts: requirement of members’ approval
189 Directors’ long-term service contracts: civil consequences of contravention
190 Substantial property transactions: requirement of members’ approval
191 Meaning of ‘substantial’
195 Property transactions: civil consequences of contravention
196 Property transactions: effect of subsequent affirmation
197 Loan to directors: requirement of members’ approval
198 Quasi-loans to directors: requirement of members’ approval
199 Meaning of ‘quasi-loan’ and related expressions
200 Loans or quasi-loans to persons connected with directors: requirement of member approval
201 Credit transactions: requirement of members’ approval
202 Meaning of ‘credit transaction’
203 Related arrangements: requirement of members’ approval
204 Exception for expenditure on company
205 Exception for expenditure on defending proceedings etc.
206 Exception for expenditure in connection with regulatory action or investigation
207 Exceptions for minor and business transactions
208 Exceptions for intra-group transactions
209 Exceptions for money-lending companies
210 Other relevant transactions or arrangements
211 The value of transactions and arrangements
212 The person for whom a transaction or arrangement is entered into
213 Loans etc.: civil consequences of contravention
214 Loans etc.: effect of subsequent affirmation
215 Payments for loss of office
217 Payment by company (for loss of office): requirement of members’ approval
220 Exception for payments in discharge of legal obligations etc.
221 Exception for small payments
228 Copy of (directors’ service) contract or memorandum of terms to be available for inspection
239 Ratification of acts of directors
252 Persons connected with a director
253 Members of a director’s family
254 Director ‘connected with’ a body corporate
256 Associated bodies corporate
260 Derivative claims
261 Application for permission to continue derivative claim
263 Whether permission (to continue derivative claim) to be given
270 Private company not required to have secretary
271 Public company required to have secretary
275 Duty to keep register of secretaries
276 Duty to notify registrar of changes (in secretaries)
281(3) Resolutions (means ordinary resolution)
282 Ordinary resolutions
283 Special resolutions
284 Votes: general rules (show of hands and poll)
288 Written resolutions of private companies
289 Eligible members (for written resolutions)
290 Circulation date (of written resolutions)

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