Exam Ready Notes for CORE Module ‘Business Law’!
Workshop 5 Notes of the Business Module on the Legal Practice Course (LPC) at the University of Law.
These notes were used for the June 2023 exams, where I achieved a Distinction!
The most important decisions impacting the company are reserved to shareholders, including the
following:
ü Changing the COMPANY NAME by special resolution, provided no other procedure is set out in
articles: s77(1)
ü Amending the COMPANY ARTICLES by special resolution: s21(1)
ü Approving a substantial property transaction (SPT) by ordinary resolution: s190
ü Approving a DIRECTOR’S SERVICE CONTRACT for a fixed term over TWO years by ordinary
resolution: s188
ü Approving compensation to a director for loss of office by ordinary resolution: s217
ü Authorising directors to ALLOT NEW SHARES by ordinary resolution: s551(1)
ü Disapplication of shareholders’ PRE-EMPTION RIGHTS by special resolution: s569(1), s570(1) and
571(1)
ü Approving contract to BUYBACK company shares by special resolution: s694 and payment to buy
back company shares out of capital by special resolution: s716(1)
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