*The articles of association deal mainly with how the company is run, such as the issue and transfer of shares, capital structure, general meetings, directors, dividends and accounts. The majority of limited companies adopt a generic form commonly referred to as ‘Table A’. This Table is presented as a series of numbered paragraphs and determines [read more]
Memorandum of Association*The purpose of the memorandum is to say what the company is and what it does. It needs to state: the name of the company the registered office of the company the objects of the company (what the company will do – it’s purpose) a statement of the limited liability of members (shareholders) the authorised share [read more] |
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Certificate of Incorporation*The certificate of incorporation is an official certificate issued by the registrar of companies on successful incorporation of a limited company. The certificate states the company number, name and date of incorporation. * |
The Role of the Company Secretary*Company secretaries do not have specific responsibilities or powers but they may be criminally liable for company defaults (such as late filing of returns and so on). They are also allowed to sign most of the forms required by Companies House. A company secretary usually performs the following tasks: maintains the statutory registers (such as register [read more] |
The Role of a Director*Every company director has a personal responsibility to make sure that the company files its statutory returns to Companies House on time. Directors can be prosecuted if they fail to do this – and it’s a criminal offence, so if you are convicted, you will end up with a criminal record and possibly a hefty [read more] |
Who can form a company*Pretty much anyone can form a company. It’s preferable to be over 18, but it’s not obligatory. However, you cannot form a company if: you have been disqualified from being a director (while the ban is in place). Companies House holds a current register of disqualified directors. You are an undischarged bankrupt (except with the [read more] |
