Companies act

Directors' liabilities

Companies Act provisions protecting directors from liability

Directors' service contracts

The company is required to keep directors' service contracts or any memorandum of terms at the company's registered office, or at any place specified under section 1136, as section 229 confers rights on members to inspect a request copies.

Related director agreements

The Companies Act requires that a company may not take part in an arrangement under which another person enters into a transaction that, if it had been entered into by the company, would have required approval under sections 197, 198, 200 or 201, and that person, in pursuance of the...

Loans to directors

The Companies Act permits a company to make a loan to a director. A loan or guarantee must be approved by a resolution of the members of the company.

Director's transactions requiring members approval

Where a service contract is, or maybe, longer than two years.

This is a complicated area of the Act and we recommend that advice be sought with regard to long term service contracts.

General duties of directors

The general duties required of a director are set out in seven sections of the Companies Act.

Appointment of directors

The legislation governing the appointment and removal of directors is contained in the Companies Act in Part 10 and comprises nine chapters and over 100 sections. Inevitably this section of our website cannot cover all the aspects of the Act, but endeavours to ...

Shares and share capital

Shares in a limited company having share capital must each have a fixed nominal value and a share must be distinguished by its appropriate number, unless if at any time all the issued shares in a company are fully paid up and rank pari passu for all p...

A company's members

The Companies Act requires that all companies must keep a register of members

Registered office

The registered office is the official address to which all communications and notices may be addressed. The company must at all times have a registered office and this must be a physical location and not a PO Box address. The country of the location o...

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