All companies are required to have at least one member and depending on the company type, they may also hold shares in the company.
Posts Tagged: Company Members
Are you a new start up or setting up a new company? If so setting up a company is the first and important step. Getting the company set up quickly but more importantly correctly will ensure you are on the right step to running your new business. We are experienced chartered secretaries and have all
Are you a new start up or setting up a new company? If so setting up a company is the first and important step. Getting the company set up quickly but more importantly correctly will ensure you are on the right step to running your new business.
Last minute panic!! This can happen pretty often when forming a company… Everything else has been done and you go into the bank and they ask you for the Certificate of Incorporation and suddenly there’s a mad scramble to get the company formed ASAP. This is why the process needs to be started early and
We are considering removing the statutory auditor of the company and want to know how we can do this correctly? A company may remove a statutory auditor and appoint, in his or her place, any other person or persons by ordinary resolution of the members. The removed auditor may be replaced by any other person
The proceedings of directors and how they meet is provided for in Section 157 to 167 of Companies Act 2014. These provisions may be amended in the constitution of the company. The business of a company shall be managed by its directors, who may pay all expenses incurred in promoting and registering the company and
We are due to hold an EGM to amend our constitution. What is the difference between an ordinary and special resolution? Resolutions are decision taken by the members and directors and must be passed in accordance with the constitution and the Companies Act 2014. The Act defines both ordinary and special resolutions of members (shareholders)
The rules regarding members meetings are contained in Part 4 Corporate Governance. The Act brings some clarity in relation to the calling and holding of members meetings. These meetings are important as the directors do not hold all the powers of a company and certain decisions must be referred back to the members for approval.