By Roger Mason
Every thing the corporate Director or corporation Secretary must be aware of, totally brand new with all of the legislation, obtainable and simple to take advantage of obtainable and simple to useHelps you keep away from dear mistakesSaves time feesFully brand new with the most recent lawJargon-free, full of professional adviceA goldmine of knowledge, this significant new reference paintings covers each subject of relevance to the corporate Secretary and corporate Director.You'll locate quick entry to the knowledge you would like and specialist counsel on an unlimited variety of commonly asked - and not more commonly asked questions.Fully brand new with all of the newest adjustments within the legislations and perform, it's going to prevent hours of analysis and provides you solutions and functional ideas to your whole queries.It will turn out essential to administrators and corporate secretaries in either small, medium and big businesses, aiding to prevent pricey errors and saving time charges.
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Additional resources for 501 Questions and Answers for Company Directors and Company Secretaries (501 Questions & Answers S.)
260 Index 261 xxxv Introduction What is the purpose of the book? Important note concerning terms 1 INTRODUCTION Introduction This book has engendered a lot of interest in my family and friends. They have asked me many questions and it is very possible that some of my answers may be of interest. As the book follows a question and answer format I will answer the questions in this way. What is the purpose of the book? I want to give a lot of information in a way that will be readily understood. I have tried to choose questions that readers really would like answered, though of course you will have your own ideas on this.
The members could be people who might be attracted to a general partnership, where the partners have unlimited liability, but want the structure of a company and company law. Companies limited by guarantee 19 What are the essential features of a company limited by guarantee? The members do not own shares with the consequence that dividends cannot be paid. Profits (or surpluses) are invested, retained in the company or spent in furtherance of the objects of the company. When the company is wound up the net assets are not paid to the members but distributed according to the objects and constitution of the company.
238 458 What rights do auditors have to see documents and have their questions answered? 239 459 Who is required to co-operate with an auditor? 239 460 What are the obligations of the directors to draw relevant matters to the attention of auditors? 240 501 QUESTIONS FOR COMPANY DIRECTORS AND COMPANY SECRETARIES CONTENTS eleven Financial difficulties, winding-up and striking off 461-501 FINANCIAL DIFFICULTIES The position of the directors 241 243 461 What should the directors do when they believe that their company may have financial difficulties?