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Company Law > Acts and Sections > Flashcards

Acts and Sections Flashcards

1
Q

s.214 Insolvency Act (1986)

A

Wrongful Trading

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2
Q

s.21 Companies Act (2006)

A

Amendment of articles (by special resolution)

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3
Q

s.33(1) Companies Act (2006)

A

Effect of companies constitution (statutory contract/ model articles)

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4
Q

s.51 Companies Act (2006)

A

Pre- incorporation contracts, deeds and obligations (contract binding between third party and promoter)

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5
Q

s.168 Companies Act (2006)

A

Resolution to remove director (ordinary resolution)

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6
Q

s.171 Companies Act (2006)

A

Duty to act within powers

A director of a company must—

(a) act in accordance with the company’s constitution, and

(b) only exercise powers for the purposes for which they are conferred.

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7
Q

s.172 Companies Act (2006)

A

Duty to promote the success of the company

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8
Q

s.173 Companies Act (2006)

A

Duty to exercise independent judgment

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9
Q

s.174 Companies Act (2006)

A

Duty to exercise reasonable care, skill and diligence

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10
Q

s.175 Companies Act (2006)

A

Duty to avoid conflicts of interest

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11
Q

s.176 Companies Act (2006)

A

Duty not to accept benefits from third parties

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12
Q

s.177 Companies Act (2006)

A

Duty to declare interest in proposed transaction or arrangement

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13
Q

s.182 Companies Act (2006)

A

Declaration of interest in existing transaction or arrangement

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14
Q

s.239 Companies Act (2006)

A

Ratification

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15
Q

s.250 Companies Act (2006)

A

Director

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16
Q

s.251 Companies Act (2006)

A

Shadow director

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17
Q

s.260 Companies Act (2006)

A

Derivative claim

18
Q

s.282 Companies Act (2006)

A

Ordinary resolution

19
Q

s.283 Companies Act (2006)

A

Special resolution

20
Q

s.550 Companies Act (2006)

A

Power of directors to allot shares

21
Q

s.561 Companies Act (2006)

A

Pre-emption rights

22
Q

s.763 Companies Act (2006)

A

The authorised minimum

(1) “The authorised minimum”, in relation to the nominal value of a public company’s allotted share capital is—

(a)£50,000, or

(b)the prescribed euro equivalent.

23
Q

s.771 Companies Act (2006)

A

Procedure on transfer being lodged

(1)When a transfer of shares in or debentures of a company has been lodged with the company, the company must either—

(a)register the transfer, or

(b)give the transferee notice of refusal to register the transfer, together with its reasons for the refusal,

24
Q

s.830 Companies Act (2006)

A

Distributions to be made only out of profits available for the purpose

25
Q

s.847 Companies Act (2006)

A

Consequences of unlawful distribution

26
Q

s.994 Companies Act (2006)

A

Petition by company member

27
Q

S.53 (Companies Act 2006)

A

Prohibited names

28
Q

S.197 (Companies Act 2006)

A

Loans to directors: requirement of members approval

29
Q

s.302 (Companies Act 2006)

A

Directors power to call a general meeting

30
Q

CA 2006 s.399

A

Group accounts

31
Q

CA 2006 s.767

A

Doing business without a trading certificate

32
Q

CA 2006 s.993

A

Fraudulent trading

33
Q

IA 1986 ss.213 and 246ZA

A

Fraudulent trading

34
Q

IA 1986 ss.214 and 246ZB

A

Wrongful trading

35
Q

IA 1986 s.238

A

Transaction at an undervalue

36
Q

IA 1986 s.239

A

Preferences

37
Q

CA 2006 - s.542 (2)

A

Failure to fix a nominal value renders the allotment void

38
Q

CA 2006 - s.542

A

Nominal value of shares

39
Q

CA 2006 - s.542(1)

A

Shares in a limited company having a share capital must each have a fixed nominal value

40
Q

CA 2006 s.630

A

Variation of class rights: companies having a share capital

41
Q

CA 2006 s.793

A

Notice by a company requiring info about interests in its shares

42
Q

CA s.190

A

Substantial property transactions

Company Law (6 decks)

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