Directors’ Duties – ILAC Question
Cite any relevant principles of common law or equity, case law and sections of the Companies Act 1993 in your answer.
Please advise Sam Sellers and Jim Jackson the legal implications on their duties as directors if they were to proceed with issuing the 1,000 new shares to each of the shareholders who originally established the company.
Decision-making in Companies & procedural requirements – Short Answer Questions
2.1 Describe briefly how decision-making is divided in a company?
2.2 What are the normal procedural requirements for issuing shares in an unlisted company?
2.3 Explain the requirements and process to appoint Michael Mint by way of a written resolution to the board of Bespoke Design & Build Ltd.
2.4 What is the procedure for changing the company name?
3.1 Prepare a board written resolution and certificate for issuing the 2,000 new shares to Michael Mint and Peter Parsley
3.2 Prepare a shareholders written resolution for the appointment of Michael Mint as director of Bespoke Design & Build Ltd.