Match the following titles from the regulations for registration to the extracts from the details.
Titles
What are articles of association?
c
Can anyone be a company director?
e
What company types are there?
g
What is the minimum number of officers a company requires?
i
Who can form a company?
a
Can I choose any name I want for my company?
h
How do I form a company?
d
What is a registered office?
b
What is a memorandum of association?
f
Extracts from the details
a
One or more persons but a public company or an unlimited company must have at least two subscribers.
b
It is the address of a company to which Companies House letters and reminders will be sent.
c
This document sets out the rules for running the company's internal affairs.
d
By sending a memorandum of association, the articles of association, the details of the directors and the company secretary, and a 'statement of legal compliance.
e
On condition that you are not: an undischarged bankrupt or disqualified by a court from holding a directorship; over 70 years of age.
f
This document sets out the company's name, the address of the company's registered office and the object of the company.
g
Private companies limited by shares, private companies limited by guarantee, private unlimited companies, public limited companies.
h
You cannot: register the same name as another company; use certain words; use names likely to cause offence.
i
Every company must have formally appointed company officers at all times.
A private company must have at least: one director; one secretary - formal qualifications are not required. A company's sole director cannot also be the company secretary.
A public company must have at least: two directors; one secretary - formally qualified.
Articles of Association
The Articles of Association govern the running of a company and set out the rights and obligations of members and directors. Below are the main sections of the Articles of Association. The details below describe the terms and conditions in each section. Match each section to its description.
Share Capital
g
Lien
a
Calls
f
Pre-emption
b
Transmission of Shares
j
Notice of Meetings
d
Proceedings at General Meetings
i
Directors
k
Notices
e
Indemnity
c
Winding up
h
a
This allows the directors of the company to sell a shareholder's shares in the company to repay any debt owed by the shareholder to the company.
b
This provides that any shareholder who wishes to sell his shares has to first offer them to the other shareholders at the same price as he wishes to sell to a third party.
c
This provides that the directors of the company shall not be personally liable in any civil or criminal proceedings as long as they have carried out their duties lawfully.
d
This deals with advance information that is to be given to each member about meetings and provides that each member is allowed to appoint a proxy to attend in his place at meetings.
e
This requires all directors to be informed about meetings, whether they are in the country or abroad.
f
This allows the company to recover its costs of recovery from a late paying shareholder.
g
This sets out the share capital of the company
h
This allows the assets of the company to be distributed if the company goes into liquidation.
i
This states the number of members who must be present.
j
This provides that when a shareholder dies he is deemed to give notice to sell his shares (which allows the other shareholders to buy them for a fair price).
k
This regulates the maximum number and their conduct.
